FES and FE have created a ‘scheme’ that is an ‘abuse of the bankruptcy system’: Feds say
Federal authorities are charging that the deal struck between FirstEnergy and FirstEnergy Solutions absolving FE of any future responsibilities for power plant environmental problems is a "scheme" and "abuse of the bankruptcy system."
Perry, Davis-Besse nuke plants dismantling could take 60 years
As the first anniversary of the FirstEnergy Solutions bankruptcy approaches, the company finds itself fighting a three-front war and filed paperwork with the NRC revealing it would not dismantle its reactors for decades years after shutting them down.
Gov. Mike DeWine names Hamilton County Republican to PUCO
Gov. Mike DeWine has appointed Hamilton County Republican Dennis Deters to a position on the Public Utilities Commission of Ohio. The appointment prompted the concern of Ohio Consumers' Counsel Bruce Weston.
Judge delays FES plan to exit bankruptcy while lawmakers consider bail-out bills
Akron-based U.S. Bankruptcy Judge Alan Koschik has rejected a request from FirstEnergy Solutions to expedite his approval of a disclosure statement the company must give its creditors informing them of potential risks before they vote to approve the creation of new, restructured company. The sticking point? An earlier settlement between FES and FirstEnergy absolving FE of responsibility for its former power plants and coal ash dumps.
PUCO committee gives Gov. DeWine choice of 4 applicants for commission seat
The PUCO Nominating Council on Thursday chose four of the 14 candidates vying for a gubernatorial appointment to the five-member commission. The four include two candidates with backgrounds in consumer advocacy.
FirstEnergy Solutions restructuring plan hits roadblock as federal agencies object
The U.S. EPA, the Nuclear Regulatory Commission, the Federal Energy Regulatory Commission, the U.S. Securities and Exchange Commission and the U.S. Trustee for the federal bankruptcy court are objecting to plans filed by FirstEnergy Solutions to shed all of its $3.6 billion in debt and emerge from bankruptcy as a company owned by its creditors.
FirstEnergy Solutions would emerge from bankruptcy owned by its creditors
The bond holders and other creditors that FirstEnergy Solutions sought to shake off in bankruptcy proceedings would own and operate the company under proposals now before the U.S.Bankruptcy Court for the Northern District. But there are plenty of objections, including one from the unions that represent employees at the FES nuclear power plants who argue that the reorganization is designed to scrap current contracts. Environmental and consumer groups also see problems that could foist millions of dollars in charges on customers
State bailout of FirstEnergy Solutions would raise electric prices, stymie future gas plants
Gas turbine power plant developer William Siderewicz has already developed two large power plants in Ohio, including one in Lordstown and a second near Toledo. He plans two more, next to the first plants. But renewed talk of a state bailout for the two FirstEnergy Solutions nuclear plants has jeopardized funding for the new plants, he said. The gas plants would help keep customer prices low, Siderewicz argues. The FES bailout, funded by customers state-wide whether or not they are FES customers, would increase monthly bills.
Columbia Gas fined $400,000 for Avon gas line, house fire
The Public Utilities Commission of Ohio has fined Columbia Gas of Ohio $400,000 for a 2017 fire in Avon.
FirstEnergy made money in 2018 after cutting ties with bankrupt FirstEnergy Solutions
FirstEnergy Corp. recorded profits of $981 million on total sales of $11.3 billion in 2018.
Conservative Ohio voters want most of Ohio’s electricity to come from renewable sources
A Republican polling company has found that Ohio's politically conservative Republicans and independents want the state's electricity to come from renewable sources and that they are willing to pay more for it.
Dominion’s gas prices will be higher, beginning in April
Dominion Energy Ohio customers have seen the lowest rates in the state whether contracting with suppliers or buying through the Dominion Standard Choice Offer (SCO). That is going to change as early as April when the results of a new supplier auction take effect. This month's auction forcing companies to compete for the privilege to supply Dominion's SCO customers will allow the winners to add 22 cents to the commodity price set monthly on the New York Mercantile Exchange. Current SCO suppliers can add only 7 cents to monthly NYMEX price. So what has happened? New pipelines are moving shale gas out of the region, eliminating the glut and ultra low regional prices.
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