Electrical Generation | Energy Services | FirstEnergy | Industrywide Issues | Litigation | Ohio | Statewide OH
Legal Effort to Overturn FirstEnergy $1B Ohio Nuke Bailout Dead
The Ohio Supreme Court, on Christmas Eve, threw a lifeline to an effort to overturn an Ohio law that provides corporate welfare in the form of $1 billion of ratepayer (taxpayer) money to FirstEnergy, which recently changed its name to Energy Harbor (see OH Supreme Court Keeps Door Open to Reverse $1B Nuke Bailout). Last week the Supremes snatched the lifeline away and the current effort to block the $1 billion bailout is officially dead.
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The Ohio Supreme Court, on Christmas Eve, threw a lifeline to an effort to overturn an Ohio law that provides corporate welfare in the form of $1 billion of ratepayer (taxpayer) money to FirstEnergy (which recently changed its name to Harbor Energy). The Ohio law provides the funds to FirstEnergy so they can keep two economically failing nuclear power plants up and running, giving the plants an unfair advantage over gas-fired plants that don’t receive corporate welfare.
The mafiosi at FirstEnergy lost their lawsuit filed with the Ohio Supreme Court in a bid to block a referendum aimed at giving all Ohio residents the right to vote to overturn an ill-conceived corporate welfare law passed that puts $1 billion into FirstEnergy’s pocket in order to keep two failing nuclear power plants open. Although they lost the case, FirstEnergy claims the Supreme Court decision is a “victory” for their attempt to keep their grubby hands on taxpayer’s money. How does that work?
We’re still feeling the fallout of FirstEnergy’s sleazy campaign to keep their $1 billion ratepayer bailout in Ohio. Last week we told you about FirstEnergy’s Mafia-like tactics in attempting to block petitioners from gathering signatures to overturn House Bill 6 that hands FirstEnergy $1 billion (see 
All we can say is, shame on FirstEnergy. They hired people to block petition gatherers trying to get signatures for a referendum for the November ballot. The tactics used can only be described as bullying–sometimes physical. Workers are trying to get enough signatures on a petition to place a referendum on the November ballot. The referendum, if adopted, would overturn House Bill 6 which grants a $1 billion bailout to FirstEnergy’s economically failing nuclear power plants (see 
Not even Ohio’s left-leaning news organizations can go along with the phony commercials being run by First Energy in a desperate attempt to block a referendum to overturn House Bill (HB) 6 (see 
FirstEnergy continues its desperate attempt to prevent a referendum measure from hitting the fall ballot in Ohio that would overturn a recently passed (very bad) law that bails out FirstEnergy’s failing nuclear power plants in the state to the tune of $1.5 billion. Earlier this week we told you FirstEnergy is running tinfoil hat commercials claiming China would soon control Ohio’s electric grid if the bailout bill is overturned (see 
FirstEnergy, based in Akron, OH, is one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. FirstEnergy owns a variety of regulated and non-regulated power generation plants. Last November the company announced it wants to sell five power generating plants, four of them natural gas-fired plants in Pennsylvania, plus a hydroelectric plant in Virginia (see 
Although a final investment decision (FID) is still months away, Thailand-based PTT Global Chemical decided spending $13.8 million to buy 168 acres at the proposed site for a second Appalachia ethane cracker, in Belmont County, OH, would be a good investment. Which they have now done. The deal, which closed in June, is just now coming to light. PTT bought the land for the site from FirstEnergy Corporation. The deal was recorded at the Belmont County Courthouse on June 14. This is yet another sign that PTT will make a positive FID later this year. Even though PTT just bought the land, work was previously done on the site to clear it and get it ready for construction, as we reported in December (see 
In January, MDN highlighted a developing issue in Ohio that potentially impacts Utica/Marcellus shale in the region (see 
FirstEnergy is one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. We’ve reported on a number of projects launched by FirstEnergy to assist the shale industry–running power lines to natural gas processing plants, etc. (see 
FirstEnergy, based in Akron, OH, is one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. FirstEnergy owns a variety of regulated and non-regulated power generation plants. In November the company announced it wants to sell six power generating plants in PA, four of them natural gas-fired plants (see 
FirstEnergy, based in Akron, OH, is one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. FirstEnergy owns a variety of regulated and non-regulated power generation plants. In November the company announced it wants to sell six power generating plants in PA, four of them natural gas-fired plants (see