Post Tagged with: "utility bailouts"

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

FirstEnergy exec calls for ‘urgent aid’

OAK HARBOR — “Calling warnings of the Davis-Besse nuclear power plant’s premature closure ‘real’ and the need for a bailout ‘urgent,’ FirstEnergy Corp.’s top nuclear official left little doubt Friday that Ottawa County’s largest employer is in trouble. Sam Belcher, FirstEnergy’s chief nuclear officer, said the utility’s other nuclear plants […]

FirstEnergy's nuclear subsidy proposal cannot be found on the company's website.
FirstEnergy / Utilities

FirstEnergy rate increase for nuclear still shadowy but opponents lining up

CLEVELAND — “FirstEnergy’s plan to convince Ohio lawmakers they should save the company’s nuclear reactors by funneling more money from customers to the company has still not seen the legislative light of day. But for certain, the company has shopped its proposal to key lawmakers with a full-color, professional-looking, authoritative […]

Will Ohio backtrack on its green energy advances? (Opinion)
Renewable Energy

Will Ohio backtrack on its green energy advances? (Opinion)

DAYTON — “On Tuesday this newspaper quoted a Harvard psychologist saying that climate change requires massive infrastructure change ‘including nuclear power.’ Wednesday we read that a group of citizens filed with the Public Utilities Commission of Ohio to prevent closure of two Ohio coal plants. Neither of these positions reflects […]

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. […]

Boston firm battles Ohio utilities over re-regulation
Utilities

Boston firm battles Ohio utilities over re-regulation

BOSTON, MA — “The Boston-based company developing five natural gas-fired power plants under construction or planned in Ohio is fighting Ohio’s investor-owned electric utilities over re-regulation, Kallanish Energy finds. Bill Siderewicz, president of Clean Energy Future, is strongly opposed to a controversial proposal to re-regulate Ohio utilities, a move that could […]

Ohio voters want energy choice, oppose return to monopoly utilities
AEP / Energy / FirstEnergy

Ohio voters want energy choice, oppose return to monopoly utilities

CLEVELAND — “Efforts by the state’s traditional monopoly power companies to persuade lawmakers to scrap competitive markets and return to a fully regulated system could run afoul of an important political player — voters. A telephone survey conducted in January by Fallon Research and Communications, of Columbus and Washington, D.C., found […]

DP&L considering closing two power plants
Coal / Dayton Power & Light

DP&L considering closing two power plants

DAYTON — “Dayton Power & Light Inc. is considering closing two coal-fired power-generating stations near the Ohio River, company officials said. ‘As part of DP&L’s electric security plan (ESP) filing at the Public Utilities Commission of Ohio, the company is involved in ongoing discussions to find sustainable solutions to market-driven […]

Deregulation shaved $15 billion from Ohio electric bills, lawmakers to meet Friday to re-regulate
AEP / Energy / FirstEnergy / Ohio Utility Bailouts

Deregulation shaved $15 billion from Ohio electric bills, lawmakers to meet Friday to re-regulate

CLEVELAND, Ohio — Consumers, businesses and industries saved $15 billion on electricity between 2011 and last year and are on course to save the same amount by 2020, the Northeast Ohio Public Energy Council, or NOPEC, said today. The claim is based on joint research and statistical analysis completed for […]

DP&L pushes law that would let state raise rates
Energy / Utilities

DP&L pushes law that would let state raise rates

DAYTON — “Dayton Power and Light is lobbying state legislators to amend existing law that would allow the Public Utilities Commission of Ohio to raise electric rates if a utility’s financial integrity is at stake. If passed, the PUCO could raise or modify rates ‘if the (PUCO) finds that the […]