Tuesday, February 18, 2025, 4:31PM |  16°
MENU
Advertisement
The Beaver Valley Power Station, operated by FirstEnergy,  looms over the Shippingport Bridge spanning the Ohio River in 2016
1
MORE

FirstEnergy subsidiary, which operates plants in Pennsylvania, wins bankruptcy plan approval

Darrell Sapp/Post-Gazette

FirstEnergy subsidiary, which operates plants in Pennsylvania, wins bankruptcy plan approval

TOLEDO, Ohio — A federal judge has approved a bankruptcy plan outlined by a subsidiary of FirstEnergy Corp. that operates coal and nuclear plants in Ohio, Pennsylvania and West Virginia.

Ohio-based First Energy Solutions says it plans to emerge from bankruptcy protection by the end of the year.

FirstEnergy Solutions filed for bankruptcy last year and wants to separate from Akron-based FirstEnergy Corp.

Advertisement

A federal bankruptcy judge in Akron signed off on the company’s reorganization plan Wednesday after it finalized two union labor agreements.

Ohio lawmakers this year approved a roughly $1 billion financial rescue for the company’s two nuclear power plants in Ohio.

But FirstEnergy Solutions warned this week that it will take steps to close the plants if a proposal to overturn the rescue make it onto the 2020 statewide ballot.

First Published: October 17, 2019, 4:00 a.m.
Updated: October 17, 2019, 2:23 p.m.

Advertisement
RELATED
SHOW COMMENTS (0)  
Join the Conversation
Commenting policy | How to Report Abuse
If you would like your comment to be considered for a published letter to the editor, please send it to letters@post-gazette.com. Letters must be under 250 words and may be edited for length and clarity.
Partners
Advertisement
The Allegheny County Board of Property Assessment Appeals and Review approved a $25.9 million cut in One Oxford Centre's taxable value for 2025, bringing its new assessment to $54 million.
1
business
Taxable value of Downtown’s One Oxford Centre falls by $25.9M — its 3rd cut in 6 years
Sidequest on 44th in Lawrenceville on Dec. 27, 2024.
2
a&e
Canceled show leads ex-Misfits singer Michale Graves to lash out about being purged from Pittsburgh
Head coach Mike Tomlin and offensive coordinator Arthur Smith watch a receivers and defensive backs drill at Steelers Minicamp at the UPMC Rooney Sports Complex Thursday, June 13, 2024.
3
sports
Gerry Dulac: Next season’s major decisions loom this week for Mike Tomlin, Steelers staff
Najee Harris of the Pittsburgh Steelers looks on before playing the Dallas Cowboys at Acrisure Stadium on October 06, 2024 in Pittsburgh, Pennsylvania.
4
sports
Joe Starkey’s mailbag: Will Najee Harris return, and how does he compare to Frank Pollard and Tim Worley?
The fire began at around 9:15 p.m. Monday at a warehouse owned by SPS Technologies in Abington Township, according to NBC10 and 6ABC.
5
news
Massive fire rips through Eastern Pa. industrial complex: residents told to shelter in place
The Beaver Valley Power Station, operated by FirstEnergy, looms over the Shippingport Bridge spanning the Ohio River in 2016  (Darrell Sapp/Post-Gazette )
Darrell Sapp/Post-Gazette
Advertisement
LATEST business
Advertisement
TOP
Email a Story