Davis Besse Nuclear Power Generation Station

photo of nuclear plant

The owner of Ohio’s two nuclear power plants said it still plans to deactivate and decommission them since lawmakers were not able to pass a bailout measure before the June 30 deadline.

However, some are questioning the validity of that deadline. The energy company said there’s still time to reverse course.

FirstEnergy Solutions told Ohio lawmakers that it needed a decision on its nuclear subsidy proposal by the end of June to order new fuel for the next refueling cycle at the Davis-Besse plant in Oak Harbor.

Davis Besse

Akron-based FirstEnergy Solutions has filed for bankruptcy, just days after announcing it would close nuclear power plants in Ohio and Pennsylvania. WKSU’s Kabir Bhatia reports on legislation that could impact at least the plants in Ohio.

photo of entrance to FirstEnergy Solutions' Perry Nuclear plant

With thousands of jobs and millions of dollars in tax revenue at stake, some northeast Ohio political leaders are trying to get rate increases approved for the region’s nuclear power plants. 

Perry Nuclear Plant east of Cleveland
Tim Rudell / WKSU

FirstEnergy wants out of the competitive power generation business. That’s been known since CEO Chuck Jones said so last fall. But, as the Akron-based utility tries to sell its power plants, or get the nuclear ones re-regulated, it’s also trying to lower the taxes it has to pay on them. 

Declaring what’s called an “impairment”’ is one way to do that.  It’s like asking the city to lower your property tax if the value of your house drops.  In FirstEnergy’s case they’re saying the drop is $9-Billion.