Post Tagged with: "Nuclear"

Davis Besse nuclear power plant (Creative Commons)
FirstEnergy / Nuclear Energy

FirstEnergy’s nuclear zero emission credits may have stalled

COLUMBUS — “FirstEnergy’s effort to convince state lawmakers that it must have more than $300 million a year in new customer charges to keep its nuclear power plants running is approaching a stall point. The Ohio Senate’s Public Utilities Committee wrapped up its fourth hearing Thursday on the special nuclear […]

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)
FirstEnergy / Nuclear Energy

Lucas Co. commissioners against new subsidies for FirstEnergy

TOLEDO — “Lucas County Commissioners today urged state lawmakers to reject a proposal to create new subsidies for FirstEnergy to shore up its struggling nuclear power plants and have the utility’s customers foot the bill through rate increases. House Bill 178, or the Zero Emission Nuclear credit bill, would provide a […]

Dynegy CEO uses FirstEnergy’s words against it in nuclear-subsidy fight
FirstEnergy / Nuclear Energy

Dynegy CEO uses FirstEnergy’s words against it in nuclear-subsidy fight

COLUMBUS — “The CEO of Ohio’s largest power plant owner is using an electric utility’s own words against it in the latest battle over state energy policy. In new testimony, Dynegy Inc. CEO Bob Flexon laid out a lengthy list of reasons against proposed subsidies for FirstEnergy Corp. nuclear plants, […]

Davis Besse nuclear power plant (Creative Commons)
FirstEnergy / Nuclear Energy

All eyes on Davis-Besse

CARROLL TOWNSHIP —  “At almost 500 feet above the ground, Davis-Besse Nuclear Power Station’s cooling tower has loomed over Lake Erie like a concrete lighthouse for 40 years, with a water vapor plume that can be seen more than 30 miles away on a clear day. …But nuclear power plants are […]

FirstEnergy’s dim idea
Energy / FirstEnergy

FirstEnergy’s dim idea

TOLEDO — “FirstEnergy thinks its Davis-Besse and Perry nuclear power plants are so wonderful that Ohioans should pay 5 percent more on their electric bills for the privilege of sharing a state with them. …FirstEnergy also argues that unlike facilities that rely on wind and sunlight, nuclear plants operate around […]

The Davis-Besse nuclear plant on Lake Erie east of Toledo.
Energy / Utilities

Natural gas industry gains steam

Coal, nuclear plants are no longer competitive in Ohio TOLEDO —  “During his address to Congress last week, President Trump repeated his campaign promises about restoring the U.S. coal industry to its former prominence. But an electronic map that can pinpoint every Ohio power plant fueled by either natural gas […]

Crain’s editorial: Power play
Energy / FirstEnergy

Crain’s editorial: Power play

CLEVELAND — “There’s no doubt FirstEnergy Corp. finds itself in a serious financial crunch. But Ohio legislators should proceed with caution when it comes to the Akron company’s desire for so-called “zero emission credits” (ZEC) for its nuclear plants in the state. FirstEnergy reported a loss of $6.2 billion, or […]

FirstEnergy's Perry nuclear plant. Photo By
Wainstead / Creative Commons
Energy / FirstEnergy

New Ohio ‘bailout’ request shakes up nuclear/carbon debate

CLEVELAND — “The growing debate over nuclear power’s role in curbing emissions is running headlong into an ongoing controversy over “bailouts” for Ohio’s largest utility. FirstEnergy, which has previously sought support for noncompetitive power plants, is now asking Ohio lawmakers for ‘zero emission credits’ for its aging nuclear plants. Environmental […]

The Davis-Besse Nuclear Power Station (Credit: NRC)
FirstEnergy / Nuclear Energy

FirstEnergy talks bankruptcy and need for bailout of its nuclear plants

AKRON — “FirstEnergy Corp. executives used two words a lot when discussing the company’s financial position and its plans to exit the nuclear power business when they spoke with analysts Wednesday, Feb. 22: ‘bankruptcy’ and ‘billions.’ The Akron-based company might be working to position itself for better treatment from state […]

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

FirstEnergy Corp. to sell or close its nuclear plants

AKRON — “FirstEnergy made it clear Wednesday that it is leaving the competitive power plant business, closing or selling all of its plants, including its nuclear plants, by the middle of next year. The sale of the nuclear plants to another company would have little immediate impact on customer bills. […]