FirstEnergy Sues to Block Repeal Petition of Ohio Nuke Subsidies

Sept. 4, 2019, 5:00 PM

FirstEnergy Solutions Corp. is fighting in Ohio’s highest court to protect $150 million in annual nuclear plant subsides that opponents are seeking to repeal in a statewide referendum.

The recently enacted subsidies for FirstEnergy Solutions’ Davis-Besse and Perry plants are a tax, which can’t be repealed in a referendum under Ohio law, the company said in a Sept. 4 Ohio Supreme Court petition.

The company, which is going through bankruptcy reorganization to detach it from parent FirstEnergy Corp., said it would close the plants without the subsidies.

In order to get the repeal ...

To read the full article log in. To learn more about a subscription click here.