Post Tagged with: "FirstEnergy"

The Perry nuclear power plant east of Cleveland is one of four reactors that FirstEnergy is preparing to sell or shut down because atomic energy, once "too cheap to meter," is often now more expensive that power generated by high-tech combined-cycle gas turbines. The FirstEnergy subsidiary which owns the power plants is today worth less than its combined long-term debt. (Credit: Plain Dealer file photo)
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Vote delayed on bill to prop up Ohio nuclear plants

“Lawmakers in the Ohio House continue to debate a bill that would bail out the state’s two financially struggling nuclear power plants. Earlier this week, some Democrats walked out of a committee hearing, saying their concerns were not being heard. Speaker Larry Householder says he talked to Democrats and the […]

House divided over energy bill
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

House divided over energy bill

“Well, I think the bill right now, as its currently crafted, is the wrong step in the wrong direction”, said Rep. David Leland (D-Columbus). Rep. Leland, says there’s still a lot to be desired in the bill. “The way the bill is right now, it’s not workable, it’s going to […]

HB 6, the Ohio nuclear bailout bill, is a bad bill, but it can be made better: editorial
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

HB 6, the Ohio nuclear bailout bill, is a bad bill, but it can be made better: editorial

“Here’s what lawmakers should do to make the bill less bad: *Retain both Ohio’s renewable-energy and energy-efficiency standards. *Revise Ohio energy policy to its pre-2014 status, when renewable-energy standards favored in-Ohio production, and wind-energy development wasn’t handicapped by deal-killing, over-the-top setback rules crowbarred into an unrelated 2014 bill by a […]

FirstEnergy headquarters in Akron.
FirstEnergy / Utilities

Ohio lawmakers seek to relax profit limits on FirstEnergy, other utilities

COLUMBUS — “If passed, the Akron-based utility would stand to make more money from ratepayers, rather than having to issue refunds to more than a million customers in northeast and north-central Ohio. The amendment, one of dozens added by lawmakers last week, would change the state’s calculation of what constitutes ‘significantly […]

Consumers’ office says FirstEnergy amendment will lead to ‘price gouging’
FirstEnergy / Utilities

Consumers’ office says FirstEnergy amendment will lead to ‘price gouging’

  “The office charged with defending Ohio consumers in utility matters says a House-added budget provision would subject 1.1 million FirstEnergy customers to ‘price gouging.’ Among the many amendments added to the two-year budget bill is one changing the calculation of ‘significantly excessive earnings’ for Akron-based FirstEnergy. This would change […]

Davis-Besse Nuclear Power Station cooling tower in July 2015 (Credit: Gregory Varnum, Creative Commons).
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Ohio House panel slows nuclear ‘bailout’ plan

COLUMBUS — “New subsidies to reward the generation of power that emits no or less carbon into the air would be implemented more slowly under a bill approved Thursday by a Ohio House of Representatives subcommittee. But while it might take a bit longer getting there, critics argue the bill still represents […]

Proposed Ohio ‘clean energy’ bill could disproportionately harm some small businesses
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Proposed Ohio ‘clean energy’ bill could disproportionately harm some small businesses

BEREA — “Berea Manufacturing, which employs eight people in an industrial park not far from Baldwin Wallace University, under House Bill 6 could see its monthly electric bill go up from around $800 a month to around $1,800 a month, according to an analysis from experts contacted by cleveland.com. ‘As a small business […]

Erik Drost / Flickr
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Nuclear power companies have spent millions lobbying for subsidies. Should Ohio, other states bail them out?

COLUMBUS—”Nuclear power companies and their supporters have spent millions of dollars contributing to state candidate campaigns and lobbying state officials. In New Jersey, FirstEnergy’s New Jersey subsidiary and Exelon spent $5.2 million in 2017 and 2018 on lobbying efforts for the subsidy package there, according to reports filed with the New Jersey […]

The Beaver Valley Nuclear Power Plant near Shippingport, Pennsylvania.
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Ohio’s nuclear power rescue bill: some questions and answers

  COLUMBUS, Ohio—”Ohio lawmakers on Thursday are expected to rework high-profile legislation that would scrap the state’s green-energy mandates in favor of subsidies to “clean-energy” power producers. It’s the latest milestone in the controversial legislation, which supporters say would save Ohioans money on their electric bills and opponents claim is a “bailout” […]

Changes expected before nuclear subsidy bill gets mid-May House vote
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts / Ohio's Clean Energy Future / Wind Energy

Changes expected before nuclear subsidy bill gets mid-May House vote

“Fischer said he wants to tell potential central Ohio businesses that the state is reinforcing renewable energy, but said that doing away with the state’s renewable and energy efficiency standards would be a negative. Fischer added that nuclear is generally not part of the discussion when talking to potential companies […]