Post Tagged with: "utility bailouts"

Erik Drost / Flickr
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Groups say Ohio clean-energy bill disguised as nuclear-plant bailout

COLUMBUS — “Customers would pay an extra $2.50 a month for the new program, but Trish Demeter, chief of staff for the Ohio Environmental Council Action Fund, argued that it’s a bailout for FirstEnergy Solutions’ two unprofitable nuclear plants in northern Ohio. ‘Maybe those plants do bring some environmental value, […]

Nuclear plants owner says closure would raise electricity prices
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Nuclear plants owner says closure would raise electricity prices

COLUMBUS — “Management of the regional electric grid that serves Ohio and a dozen other states has said loss of the nuclear plants would not adversely affect availability and affordability of power in the region. But Mr. Griffing and a firm that conducted a study on its behalf argued that […]

FirstEnergy Solutions warns of higher prices if nuke plants close
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

FirstEnergy Solutions warns of higher prices if nuke plants close

“’The impact of losing the state’s nuclear facilities cannot be overstated,’ Dave Griffing, vice president of government affairs for FirstEnergy Solutions, the former FirstEnergy subsidiary that was spun off last year and has been working to climb out of bankruptcy. Griffing told a House subcommittee that if the plants are […]

In a time of cheap fossil fuels, nuclear power companies are seeking — and getting — big subsidies
Energy / Nuclear Energy

In a time of cheap fossil fuels, nuclear power companies are seeking — and getting — big subsidies

Illinois and New York have approved hundreds of millions of dollars in clean-energy incentives for nuclear power companies. New Jersey, Pennsylvania and Maryland could be next TRENTON, NJ — “In each state, the push for subsidies has come after warnings that the plants would have to close. But critics of […]

Davis-Besse by Marc Haserodt / Creative Commons
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

AARP foreshadows opposition to Ohio nuclear subsidies

“The strongly-worded opposition letter was not surprising, given that state AARP chapters routinely oppose utility rate increases. The Pennsylvania office of the AARP opposes a similar nuclear power plant subsidy bill in that state. FirstEnergy Solutions owns a two-reactor nuclear power plant near Pittsburgh with a total capacity of about 1,815 megawatts. […]

Nuclear plant bailout debate kicks off at Statehouse
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts / Renewable Energy

Nuclear plant bailout debate kicks off at Statehouse

“Rep. David Leland, D-Columbus, asked the sponsors whether they could specify how the $9.25-per-megawatt hour was developed. ‘No,’ Callender said. ‘We’re dealing with some complex issues and coming up with an exact number is not an exact science.’ Leland later remarked that he was ‘totally surprised’ that it was not […]

FirstEnergy and its allies, seeking nuclear plant bailout, have spent millions on influence campaign
Energy / FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

FirstEnergy and its allies, seeking nuclear plant bailout, have spent millions on influence campaign

COLUMBUS — “FirstEnergy’s efforts to try to get Ohio politicians to rescue its troubled nuclear power business haven’t come cheap. Since 2017, FirstEnergy and its allies have spent millions on campaign contributions to Ohio politicians, as well as on lobbying, public relations and advertising, state and federal records show. The […]

First hearings set for Ohio House nuclear bill
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

First hearings set for Ohio House nuclear bill

“The first is scheduled for 11 a.m., April 16, in a House Energy and Natural Resources Committee meeting. Sponsor testimony is expected in the hearing, according to the Ohio House of Representatives meeting calendar. The following day another hearing is scheduled at 9 a.m. in an Energy Generation Subcommittee meeting. The hearings […]

Perry Nuclear Power plant, about 30 miles east of Cleveland
FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

House speaker unveils plan to save state’s nuclear power plants

COLUMBUS — “The bill, sponsored by Reps. Jamie Callender (R., Concord) and Shane Wilkin (R., Hillsboro), will be the subject of hearings beginning next week. Mr. Householder said he hopes to get it to Gov. Mike DeWine’s desk by the end of June, before lawmakers recess for the summer. Neither the […]

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

Revised Ohio nuclear ‘bailout’ bill raises more questions

An updated version of the bill would still exclude most wind and solar from clean air credits, while allowing payments to unspecified “reduced emissions resources” that could include gas and coal. COLUMBUS — “Republican lawmakers in the Ohio House introduced legislation Friday that would provide subsidies for two Ohio nuclear power plants […]