An Ohio utility’s pursuit of a lifeline for an aging nuclear plant comes at a time when both economics and public opinion are aligning against nuclear power.
James Hansen, a scientist famous for sounding the alarm about climate change, visited Illinois to rally support for nuclear energy this week in a trip some saw as a push for state state legislation backed by Exelon.
An Illinois community is tired of playing host to nuclear waste, and a hearing in Chicago aims at opening up a transparent process toward finding a solution.
FirstEnergy’s plan to guarantee profits for certain nuclear and coal power plants isn’t just bad for competition in the energy sector, but for Ohio overall, say challengers.
Ohio energy leaders are not especially worried about future climate change impacts on their operations, despite two recent studies suggesting that extreme weather could cause significant problems by mid-century.
An Ohio utility and state regulators are still at odds, sources say, over a controversial rate case critics have labeled a “bailout” for a utility trying to guarantee sales for several nuclear and coal plants.
Over the past few weeks, Exelon has secured promises for an additional $1.6 billion or more in revenue from capacity auctions, calling into question the need for the Illinois legislature to step in to keep some power plants running.
FirstEnergy’s plan to make all of its Ohio utility customers essentially guarantee sales for certain coal and nuclear plants owned by its unregulated generation subsidiary is an even worse deal for consumers now than when FirstEnergy filed that proposal a year ago, say environmental advocates.
Former Exelon CEO thinks wind, solar and natural gas are the future of the grid, but says his former company's nuclear plants need to be supported and kept online.
In Ohio, critics say FirstEnergy needs to disclose details of its proposal to guarantee sales for three less profitable coal plants plus the Davis-Besse nuclear plant. And they see new rate proposals added by FirstEnergy as “special deals” meant to lessen opposition to the “bailout.”