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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
Lawmakers Missed Deadline To Subsidize Nuclear: Now What?
By: Andy Chow | Statehouse News Bureau
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FirstEnergy Solutions says it will continue its plans to deactivate and decommission Ohio’s two nuclear power plants since lawmakers were not able to pass a bail out measure before the June 30 deadline. However, the energy company says there’s still time to reverse course. FirstEnergy Solutions filed for bankruptcy last year and laid out a… 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