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W.Va. Governor Signs Tax Break for Company Amid Debt Claim
By: Anthony Izaguirre | AP
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CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice has approved a tax break for a struggling coal-fired power plant whose operator says a company owned by the governor owes it $3.1 million. The Republican governor on Tuesday signed a bill to stop charging FirstEnergy Solutions a $12.5 million state tax. The company has been… Read More
Group Seeking Possible Energy Law Referendum For 2020 Ballot
By: Andy Chow | Statehouse News Bureau
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Ohioans Against Corporate Bailouts is leading the charge for a possible ballot referendum to stop the new energy law that would bail out the state’s two nuclear plants through $150 million in ratepayer subsidies a year. The new law would also create new subsidies for coal and solar. The group registered with the Secretary of… Read More
Lawmakers Pass Blockbuster Bill Overhauling Energy Policy In Favor Of Nuclear, Coal
By: Andy Chow | Statehouse News Bureau
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The Ohio House has voted in favor of the sweeping energy bill, HB6, that bails out two nuclear power plants through $150 million in ratepayer subsidies. The comprehensive bill also sets new coal subsidies, allots credits for solar, weakens renewable energy requirements, and eliminates energy efficiency programs. Supporters have said the subsidies are needed to save… Read More
DeWine Ready To Sign Nuclear Subsidies Bill, Awaits House Vote
By: Andy Chow | Statehouse News Bureau
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Gov. Mike DeWine says the proposed law that creates subsidies for nuclear, coal, and solar energy hits his main energy priorities. The sweeping energy bill, HB6, is stuck in limbo until August 1. House Speaker Larry Householder (R-Glenford) said his chamber was one vote short of passing it this week, but several members who he considered “yes”… Read More
FirstEnergy Corp, FirstEnergy Solutions: What’s The Difference?
By: Andy Chow | Statehouse News Bureau
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The Ohio House is considering a piece of legislation, HB6, that will create a new fee on electric bills and scrap the state’s green energy standards. FirstEnergy Solutions’ two nuclear plants would stand to greatly benefit from the bill through large subsidies. There’s a long history between FirstEnergy Solutions and its former parent company FirstEnergy Corp,… Read More
Energy Bill Achieves Two Big Goals For FirstEnergy
By: Andy Chow | Statehouse News Bureau
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The plan to overhaul Ohio’s energy policy would get rid of the state’s green energy standards and would likely bailout nuclear power plants. The major utility company, FirstEnergy, has been strongly advocating for those two things to happen for years now. FirstEnergy gave more than $150,000 to House Republicans in 2018 leading up to the… Read More
FirstEnergy Solutions Preparing New Filing In Bankruptcy Case
By: Andy Chow | Statehouse News Bureau
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FirstEnergy Solutions, which runs coal and nuclear plants in Ohio, is working on a new bankruptcy proposal after a federal judge denied their initial filing. FES is filing for bankruptcy, in a restructuring plan that would officially separate the company from its parent company FirstEnergy Corp., the energy distributor. Dick Munson, senior director for the… Read More