Post Tagged with: "nuclear energy"

Credit: Wikimedia Commons
FirstEnergy / Nuclear Energy

PJM auction results could push nuke operators to ‘double down’ on subsidies

WASHINGTON, DC — “Prices in the PJM Interconnection’s capacity auction were once again disappointing for many generators, but for operators of nuclear power plants they could be a particularly troubling sign. The results could add to efforts to create nuclear subsidies and prove to be a turning point in the […]

Huge power company pushes for FirstEnergy’s Ohio nuke plan: ‘As a nation, we are at a crossroads’
FirstEnergy

Huge power company pushes for FirstEnergy’s Ohio nuke plan: ‘As a nation, we are at a crossroads’

CHICAGO, IL — “Exelon Corp., the company that owns a quarter of the country’s nuclear power plants, is vouching for an Ohio utility’s plea for subsidies for its two nuclear plants. …’As a nation, we are at a crossroads,’ Joseph Dominguez, executive vice president for governmental and regulatory affairs and […]

Ohio State Representative Bill Seitz (Credit: James D. Decamp)
FirstEnergy / Nuclear Energy

Ohio lawmaker floats the idea of a customer opt-out of FirstEnergy’s nuclear subsidies

COLUMBUS — “Ohio lawmakers have tabled a plan to add a fee to the electric bills of FirstEnergy customers to help pay for the utility’s unprofitable nuclear plants. WKSU’s Jeff St.Clair reports that a key legislator is floating an alternative solution. FirstEnergy says it needs the $300 million per year […]

Power lines outside of the Davis Besse nuclear power station east of Toledo. photo: The Toledo Blade
Energy / FirstEnergy

FirstEnergy still wants aid; Ohio House halts hearings

$300M a year sought to subsidize nuclear power plants COLUMBUS — “FirstEnergy’s president on Thursday sought to keep legislation on track in the Senate to authorize up to $300 million a year in customer subsidies for its two struggling nuclear power plants even as the House has halted hearings. ‘I […]

The Davis-Besse nuclear power plant would be more competitive under a new proposal from PJM Interconnection, the company that manages the high-voltage grid in Ohio and 12 other states. But plant owner FirstEnergy is asking for a customer surcharge to raise more money for its nuclear fleet (credit: Plain Dealer file).
FirstEnergy / Nuclear Energy

FirstEnergy CEO Chuck Jones appeals to Ohio Senate committee to support nuclear power subsidy

COLUMBUS — “FirstEnergy’s effort to persuade state lawmakers that its nuclear power plants won’t survive without a state-mandated customer surcharge is now focused on the Ohio Senate. FirstEnergy CEO Chuck Jones, accompanied by lobbyists, told members of the Senate Public Utilities Committee on Thursday that its Davis-Besse and Perry nuclear […]

FirstEnergy's Davis-Besse nuclear power plant near Toledo, along with the company's Perry nuclear power plant near Cleveland and its Beaver Valley reactors near Pittsburgh cannot compete well against new gas turbine plants and may be sold in bankruptcy proceedings if the state does not authorize additional customer charges. The Nuclear Regulatory Commission has required major upgrades in recent years to defend against terrorists and to withstand natural disasters such as earthquakes (credit: Plain Dealer file).
FirstEnergy / Nuclear Energy

FirstEnergy CEO says ZEC legislation may be too late to help

AKRON — “FirstEnergy’s top executive said today he does not expect Ohio lawmakers to vote until fall on legislation authorizing zero emission credits. ‘If it is going to happen, it will be later this year. If it is not going to happen, we’ll know sooner,’ said Chuck Jones, CEO, in […]

The Beaver Valley Nuclear Power Plant near Shippingport, Pennsylvania.
Nuclear Energy

Industry meltdown: Is the era of nuclear power coming to an end?

NEW HAVEN, CT — “Is the nuclear power industry in its death throes?  Even some nuclear enthusiasts believe so. With the exception of China, most nations are moving away from nuclear — existing power plants across the United States are being shut early; new reactor designs are falling foul of […]

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it
FirstEnergy / Nuclear Energy

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it

COLUMBUS — “Last week’s hearing on FirstEnergy’s nuclear bailout saw numerous people testifying against the unnecessary subsidies. As a reminder, the Ohio-based utility wants everyday Ohioans to pay for its bad business decisions, and is trying to get a hefty bailout – to the tune of $5.25 billion – for […]

Credit: WikiMedia
Nuclear Energy

EIA: natural gas, renewables squeeze nuclear capacity

WASHINGTON, DC — “Nuclear energy is reliable and its generation produces no carbon emissions, but EIA says the long-term outlook for the industry is dim. The plants ‘make up a disproportionately large share of generation compared with their share of electricity generating capacity,’ EIA said in a research note. As […]

All six of FirstEnergy Solutions' coal and nuclear plants, four of which are in Ohio, are in danger of closing. Photo by NRC
Energy / FirstEnergy

FirstEnergy Solutions facing risky future

CLEVELAND — “Akron-based FirstEnergy Solutions is in trouble. So are the Ohio communities where it owns power plants. And the state should be preparing now for the economic fallout that’s about to come as a result of plant closures. That’s the take of the Institute for Energy Economics and Financial […]