Nuclear plant bailout

Jerry Sharp/Shutterstock

The owner of Ohio’s nuclear plants has taken the next step in their plans to shut down those facilities as part of its bankruptcy filing. FirstEnergy says there’s still time to reverse course.

Consumer, business, and environmental groups are rallying to oppose FirstEnergy’s request for a federal bailout now that the company’s subsidiary FirstEnergy Solutions has filed for bankruptcy. This could be the major utility company’s last shot at keeping its nuclear and coal plants open. 

Andy Chow

One of Ohio’s largest utilities is moving forward with a plan to shut down its coal and nuclear power plants after filing for bankruptcy. The move has spurred action among its workers.

Twitter

FirstEnergy says it’s starting the process of shutting down its two nuclear power plants in northwest and northeast Ohio, saying it can’t compete with lower natural gas prices. But the company says it’s willing to work with lawmakers to find ways to keep them operating.

Andy Chow

Lawmakers are trying to decide whether the state should step in and save struggling power plants that might be on the brink of closing. As the legislature’s top leaders gathered for a forum they were asked what’s next for these so-called bailout proposals.