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FirstEnergy files plan to permanently deactivate three nuclear power plants

Apr. 25, 2018 8:56 AM ETFirstEnergy Corp. (FE) StockBy: Carl Surran, SA News Editor15 Comments
  • FirstEnergy (NYSE:FE) subsidiary FirstEnergy Solutions says it has formally notified the Nuclear Regulatory Commission of its decision to permanently deactivate its three nuclear power plants over the next three years, citing "severe economic challenges."
  • "We are actively seeking policy solutions at the state and federal level as an alternative to retiring these plants, which we believe still have a crucial role to play in the reliability and resilience of our regional grid," says Don Moul, president of FES Generation Companies.
  • The closure of the plants - two in Ohio and one in Pennsylvania - will affect ~2,300 employees.
  • FES, its subsidiaries and FirstEnergy Nuclear Operating Company have filed for Chapter 11 bankruptcy.

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