FirstEnergy subsidiary asks federal government to rescue nuclear plants, declares bankruptcy

The U.S. Department of Energy (DOE) is likely to have the final say on whether FirstEnergy Solutions Corp. is able to continue producing power at its nuclear plants in Ohio and Pennsylvania, according to a recent article in The Washington Post. FirstEnergy Solutions, a subsidiary of Ohio-based utility FirstEnergy, announced plans to shut down its Perry, Davis-Besse, and Beaver Valley nuclear plants, which collectively account for a steady stream of about 4 billion watts of electricity. After making that announcement, the company filed an emergency request with the DOE asking for help to keep the three nuclear plants as well as some coal-fired plants operating. Regional grid operator PJM Interconnection had previously stated the nuclear plants were not needed to maintain grid reliability (see our July 3, 2017 blog post). After FirstEnergy Solutions submitted the request to the DOE, the company declared bankruptcy, the Akron Beacon Journal reports. That filing does not involve FirstEnergy “or its distribution, transmission, regulated generation and Allegheny Energy Supply subsidiaries,” according to the Beacon Journal. For more, read the full Washington Post and Akron Beacon Journal articles.  

State Updates