Post Tagged with: "utility bailouts"

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it
FirstEnergy / Nuclear Energy

The more you learn about the proposed FirstEnergy bailout, the less you’ll like it

COLUMBUS — “Last week’s hearing on FirstEnergy’s nuclear bailout saw numerous people testifying against the unnecessary subsidies. As a reminder, the Ohio-based utility wants everyday Ohioans to pay for its bad business decisions, and is trying to get a hefty bailout – to the tune of $5.25 billion – for […]

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 […]

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 […]

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 […]

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 […]