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FirstEnergy Recordsdata for Chapter; To Shut four Nuclear Reactors

Late Saturday evening March 31st, whereas a lot of the nation was sleeping, FirstEnergy filed for chapter safety. The unsecured creditor with essentially the most publicity is Financial institution of New York Mellon Belief ($1 billion). The BNSF Railway is owed $72 million. The choice comes simply sooner or later earlier than a $100 million bond pay was due. The utility decided to file for chapter quite than make the fee. Earlier final week FirstEnergy…

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FirstEnergy Shamelessly Begs DoE to Prop Up Uneconomic Coal and Nukes

Yesterday, FirstEnergy submitted an outrageous request to the U.S. Division of Vitality (DOE). The Ohio-based utility big desires DOE to bail out not solely its uneconomic coal and nuclear crops, however all ailing crops throughout the PJM Interconnection area – which incorporates 13 states and Washington D.C. FirstEnergy’s request, if granted, would basically undermine necessary vitality coverage and symbolize a serious step backwards for the American electrical grid. Federal regulators and many, many consultants agree…

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Will the Ohio Supreme Court docket Shut Down FirstEnergy’s Bailout As soon as and For All?

For years, FirstEnergy has been in search of a bailout for its uneconomic coal and nuclear crops. The Ohio-based utility lastly acquired its want in late 2016, when the Public Utilities Fee of Ohio (PUCO) accepted greater than $600 million in customer-funded subsidies. The cash was meant to assist enhance the credit score scores of FirstEnergy and its mother or father firm, FirstEnergy Corp. However the mother or father firm’s supposed monetary hardship isn’t the…

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Illinois Has Loads of Energy, Says New Report. So, Why Bail Out Dynegy’s Coal Vegetation?

Since final 12 months, Dynegy has tried to strong-arm Illinois legislators and regulators into permitting it to pollute extra. So as to add insult to damage, the Texas-based vitality large desires to cost clients extra to take action. It’s a lose-lose for Illinoisans. And right here’s the kicker: A new report simply revealed that Illinois has greater than sufficient energy with out Dynegy’s coal vegetation. Dynegy has spent the previous 12 months concentrating on environmental…

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New Federal Tax Legislation is a Boon for Electrical Utilities, One other Motive To not Bail Out Ohio’s Coal and Nuclear Crops

New Federal Tax Legislation is a Boon for Electrical Utilities, One other Motive To not Bail Out Ohio’s Coal and Nuclear Crops – The Vitality Collective This website makes use of cookies, for plenty of causes. By persevering with to make use of this web site you settle for using cookies. Discover out extra.Dismiss Supply hyperlink

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