Post Tagged with: "nuclear energy"

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 […]

FirstEnergy's request that its customers should pay a little extra every month to keep the Davis-Besse nuclear reactor operating has put the company in the middle of a regulatory battle both in Ohio and before the Federal Energy Regulatory Commission. Now financial analysts are concerned about the outcome.
Energy / FirstEnergy

FirstEnergy nuke subsidy testimony begins, $300 million a year at stake

CLEVELAND — “FirstEnergy’s latest effort to funnel more money from its customers to its struggling power plants got under way late Tuesday with a plea to lawmakers from the company’s top executive. ‘Ohio cannot afford to continue heading down a path that could lead to less fuel-diverse and fewer homegrown […]

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

Exelon-style nuke bailouts threaten wind, solar

NEW YORK, NY — “The push to save U.S. nuclear plants for the sake of fighting climate change is threatening support for the bread and butter of clean power: wind and solar. New York and Illinois have already approved as much as $10 billion in subsidies to keep struggling reactors […]

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 […]

Official statement on SB 128 by Rachael Belz,  Ohio Citizen Action Executive Director
Energy / FirstEnergy

Official statement on SB 128 by Rachael Belz, Ohio Citizen Action Executive Director

FirstEnergy would have us believe their desire for a Zero Emission Credit (ZEC) program in Ohio, as proposed in SB 128,  is about incentivizing low-carbon energy generation. If that were true, they would have made more significant investments in renewable energy projects and not dispatched legions of lobbyists to Columbus […]

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 […]

Energy / FirstEnergy

Nuclear plant measure would raise electric bills

OAK HARBOR — “Akron-based FirstEnergy Corp. announced Wednesday that two Ohio legislators have agreed to introduce a bailout bill the utility sees as essential to the survival of its Davis-Besse and Perry nuclear power plants. The bill, to be known in the Ohio Senate as Senate Bill 128, would impose […]