Post Tagged with: "nuclear energy"

Ohio/Pennsylvania: Bracing for economic fallout from failing power plants
Energy / FirstEnergy

Ohio/Pennsylvania: Bracing for economic fallout from failing power plants

Now is the time to plan for transition CLEVELAND — “If FirstEnergy Solutions goes bankrupt, FirstEnergy would be looking to sell or retire FES coal and nuclear assets. Given the poor performance of the portfolio (as evidenced by the recent write-down of nearly 90 percent of its value), we think […]

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 […]

The Perry nuclear power plant would get a consumer-paid subsidy if a proposal by its owner FirstEnergy is approved by Ohio lawmakers. The company is also hoping the Trump administration will re-design regional wholesale power markets to give more money to companies with large coal and nuclear power plants, even if the power the generate is more costly than that of wind and gas turbine plants. (photo: JOHN KUNTZ)
Energy / FirstEnergy

FirstEnergy hoping DOE and Ohio will save its power plants

AKRON — “The electric company that championed competitive electricity markets less than a decade ago is now banking on a federal shakeup of those same markets, as well as a handout from Ohio lawmakers. FirstEnergy’s top executive today said the outcome of a 60-day U.S. Department of Energy study into […]

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 nuke subsidy testimony begins, $300 million a year at stake
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 […]