FirstEnergy Defends Nuclear Cleanup Plan to Win Bankruptcy Exit (1)

FirstEnergy Solutions Corp. began its final push to exit bankruptcy by defending a long-term plan to clean up nuclear waste produced by its aging fleet of power plants in Ohio and Pennsylvania.

After hearing competing arguments over the plan from the company and environmental groups, a federal judge sided with the electricity generator, moving FES one step closer to exiting Chapter 11.

When it filed for bankruptcy in March of 2018, FES planned to close all its coal and nuclear plants within four years, according to court papers. But last month Ohio lawmakers agreed to a new $150 million public ...