FirstEnergy

Several unions representing workers at the state's two nuclear plants are objecting to a new bankruptcy plan by FirstEnergy Solutions, saying the energy generator's latest filing would not honor union contracts.

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.

A split Ohio Supreme Court has blocked a charge FirstEnergy customers have been paying since 2017, saying state regulators improperly allowed it to go forward.  This charge cost customers as much as $200 million for each of those two years.

The future of Ohio’s two nuclear plants remains up in the air as a bailout package, House Bill 6, works its way through the state legislature. The package would throw a lifeline to bankrupt FirstEnergy Solutions. Its former parent company, FirstEnergy hosted shareholders at its annual meeting in Akron Tuesday. Protesters were there too.  

The plan to overhaul Ohio’s energy policy would get rid of the state’s green energy standards and would likely bailout nuclear power plants. The major utility company, FirstEnergy, has been strongly advocating for those two things to happen for years now.