Green Party of Ohio opposes First Energy's repeated bailout requests
Cleveland OH: The Green Party of Ohio has issued a statement opposing the latest attempt by First Energy to receive rate-payer borne subsidies to save itself from years of mismanagement. Back in December 2015, we publicly opposed the bailout deal that was being asked of the Public Utility Commission of Ohio.
Now First Energy has help in the Statehouse where Senate Bill 128 has been introduced. This bill would force ratepayers in NE Ohio to pay more money out of pocket to keep the Davis-Besse and Perry nuclear plants, both owned by First Energy, profitable to operate for the company. Once again, First Energy is threatening to shutter the plants if financial help is not forthcoming, the same threat that was made in 2015.