Post Tagged with: "FirstEnergy"

FirstEnergy has asked Ohio lawmakers to create new regulations awarding "zero emission credits," or ZECs, to its nuclear power plants, Davis-Besse east of Toledo and Perry east of Cleveland, in recognition that they do not contribute to air pollution. The ZECs would increase customer bills by 5 percent, could not be avoided even by customers buying power from other companies and provide the company with an additional $328 million a year for up to 16 years. At the same time, FirstEnergy has not ruled out selling the power plants (Credit: Cleveland Plain Dealer).
FirstEnergy / Nuclear Energy

FirstEnergy nuclear subsidy would thwart Ohio shale gas, kill jobs says API Ohio

CLEVELAND — “The politically powerful American Petroleum Institute is opposing FirstEnergy’s legislation raising power prices to subsidize its nuclear power plants because it’s a threat to Ohio’s shale gas development. FirstEnergy wants to raise about $328 million a year for up to 16 years, for a total cost of $5.25 […]

Davis Besse power plant near Oak Harbor (credit: Roger Lumpkin / ideastream)
FirstEnergy / Nuclear Energy

Residents fear a future without Davis Besse

CLEVELAND — “Ohio has two nuclear power plants – one is about 30 miles east of Cleveland. The other, Davis Besse, is 180 miles to the west. Both of their futures are up in the air right now: sale, closure, bankruptcy are all a possibility. And no matter what happens […]

When FirstEnergy closed its old Lake Shore power plant rather than try to update its pollution controls, the company found itself in a disagreement with railroad companies with which it had long-term coal delivery contracts. The railroads argued the company had broken its contracts when it shut down Lake Shore and other old plants and no longer needed the coal. A negotiated settlement is pending (Credit: Marvin Fong).
FirstEnergy

FirstEnergy’s profits down, FirstEnergy Solutions could be forced into bankruptcy over dispute with railroads

AKRON — “FirstEnergy Corp. says its profits in the first three months of the year were down compared to year-ago earnings, primarily because of expenses to settle railroad coal delivery contracts it no longer needs. …The company on Thursday announced to investors in a Securities and Exchange Commission filing that […]

Perry Nuclear Power Station as seen from Headlands State Park, Mentor, Ohio (Credit: Wainstead/Public Domain)
FirstEnergy / Nuclear Energy

FirstEnergy CEO says bill is no bailout

COLUMBUS — “FirstEnergy’s president on Tuesday urged lawmakers to require consumers to pay more to keep the lights on at its two struggling nuclear power plants, or permanently risk losing a reliable and valuable source of electricity. Chuck Jones dismissed suggestions that House Bill 178 and its companion Senate Bill […]

The Bruce Mansfield coal power plant can be seen through the windows of the Robert Dean Moore, a towboat with the Murray American River Towing, on the Ohio River on October 7, 2015 (credit: Andrew Rush/Pittsburgh Post-Gazette).
FirstEnergy

FirstEnergy awaits judgement that may hasten bankruptcy

PITTSBURGH, PA — “As FirstEnergy Corp., one of the largest electric utility companies in the U.S., is barreling toward a verdict on what to do about its money-losing power plant subsidiaries, a dispute with a couple of railroads may force the company’s hand. A decision in one of several contract […]

Editorial: Reject this pitch for corporate welfare
FirstEnergy / Nuclear Energy

Editorial: Reject this pitch for corporate welfare

TOLEDO — “FirstEnergy thinks that the nuclear power created at its Davis-Besse and Perry plants is so valuable to Ohio energy customers that they should pay a 5-percent hike in their power bills to support them. In the state Senate, a bill introduced by Republicans John Eklund of Geauga County […]

Perry Nuclear Power Plant (Credit: Jerry Sharp/Shutterstock)
FirstEnergy / Nuclear Energy

Eklund makes case for nuclear subsidy plan, denies any conflict

COLUMBUS — “The utility that owns Ohio’s two nuclear power sites say it needs to charge its customers more in order save the struggling plants. The senator who’s proposing a bill that would allow that to happen is accused of having a conflict of interest. Sen. John Eklund of Chardon […]

Credit: Neal Wellons (Creative Commons)
FirstEnergy / Nuclear Energy

Ohio nuclear bill could clash with federal law, conceals info from public

COLUMBUS — “A bill to subsidize FirstEnergy’s Davis-Besse and Perry nuclear plants presents potential conflicts under Ohio and federal law. Senate Bill 128 would implement FirstEnergy’s zero-emission nuclear, or ZEN, program to have its Ohio utilities’ two million distribution customers pay above-market prices for as much as $57 per year […]

The Davis-Besse nuclear power plant near Oak Harbor.
FirstEnergy / Nuclear Energy

Ohio lawmakers taking up nuclear power plant subsidies for FirstEnergy

COLUMBUS — “Ohio lawmakers will consider a bill to provide subsidies to FirstEnergy Corp. to keep its two nuclear power plants operating in Ohio. Senate Bill 128 would establish zero-emission credits to subsidize the plants in the name of maintaining a mix of power sources in Ohio and supporting generation […]

The Davis-Besse nuclear power plant.
FirstEnergy / Nuclear Energy

Plan would charge FirstEnergy customers more to subsidize money-losing nuclear plants

COLUMBUS — “Nuclear energy is clean energy and deserving of a big subsidy from electricity customers, according to a new proposal before the General Assembly, a bill supported by FirstEnergy. If that sounds like a hard sell, it is, based on the reception the bill received when its language was […]