Utility will focus on selling electricity from its nuclear power plants under the name Energy Harbor Corp., company says in a
FirstEnergy Solutions filedbankruptcy in 2018 as part of a plan by its parent to exit the unregulated power business
- Under a plan of reorganization
approvedby a federal judge last year, creditors of FirstEnergy Solutions traded debt for ownership stakes
- As part of the
reorganization, former parent FirstEnergy Corp.gave up ownership of the company and agreed to provide cash, a power plant and a $628 million note; in exchange FES and FirstEnergy Corp. dropped ...