November 2, 2024

FirstEnergy Solutions (FES)

Ohio Gov. Calls for Repeal of Nuke Bailout
Ohio Gov. Mike DeWine said the state should repeal House Bill 6 in light of the federal bribery charges against House Speaker Larry Householder.
Energy Harbor Settles with Solar Co. for $66M
Energy Harbor will pay almost $66 million to cancel a solar purchase power agreement signed by its predecessor, FirstEnergy Solutions.
Energy Harbor to Pay OVEC $32.5M in Settlement
Energy Harbor has agreed to pay OVEC $32.5 million and drop its attempt to abrogate a 30-year power purchase agreement.
Ohio OKs FirstEnergy Brokerage Despite Protests
The Public Utilities Commission of Ohio approved Suvon, doing business as FirstEnergy Advisors, as a competitive retail electric service provider.
FERC Sets Hearing on FirstEnergy PPAs
FERC ordered a paper hearing to consider FirstEnergy Solutions’ bid to void power purchase agreements with wind generators as part of its bankruptcy.
Beaver Valley Nuclear Plant to Stay Open
The owners of the Beaver Valley nuclear plant have told PJM they will keep the plant in operation, citing Pennsylvania’s efforts to join RGGI.
FERC OKs FES Sale to Bondholders
FERC approved FirstEnergy Solutions’ bankruptcy plan by allowing investment funds to convert secured and unsecured bond claims into a 50% equity stake.
Ohio Supreme Court Dismisses FES Nuke Lawsuit
The Ohio Supreme Court rejected FirstEnergy Solutions’ attempt to block a referendum to repeal $150 million in subsidies for its two nuclear plants.
FirstEnergy Reorganization OK’d After Labor Settlement
A judge approved FirstEnergy Solutions’ reorganization plan after the company reached a settlement to preserve union contracts at two nuclear plants.
Ohio Nuke Petition Misses Signature Deadline
Advocates contesting Ohio nuclear plant subsidies missed the deadline for gathering signatures to get their referendum to overturn HB 6 on the 2020 ballot.

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