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FirstEnergy’s Transparency Pledge Clashes With Ongoing

Details: FirstEnergy President and CEO Steven Strah said at the company’s Feb. 18 earnings call that the company is now “deeply committed to creating a … firstenergy solutions bankruptcy

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Latest challenge raises question of reopening FirstEnergy

Details: Latest challenge raises question of reopening FirstEnergy Solutions’ bankruptcy ruling by Kathiann M. Kowalski October 9, 2020 The Potter Stewart U.S. Courthouse, home to the U.S. Court of Appeals for the 6th Circuit, in Cincinnati, Ohio. Credit: Warren LeMay / Creative Commons first energy bankruptcy news

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FirstEnergy Corp. (FE) Latest Stock News & Headlines

Details: Get the latest FirstEnergy Corp. (FE) stock news and headlines to help you in your trading and investing decisions. first energy corp bankruptcy

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Ohio bribery probe: FirstEnergy gave $56.6 million to

Details: FirstEnergy Solutions directed contributions. The filing indicates FirstEnergy Solutions, now called Energy Harbor, directed FirstEnergy Service Company to spend that money in 2019. firstenergy rumors

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FirstEnergy, caught up in FBI investigation, used its

Details: FirstEnergy Solutions filed for bankruptcy in 2018, and the plants are now owned by a business called Energy Harbor. An FBI affidavit said FirstEnergy and its … firstenergy news today

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Latest challenge raises question of reopening FirstEnergy

Details: The state case also seeks to prevent FirstEnergy Solutions, Energy Harbor, FirstEnergy or other defendants “from receiving any monetary benefit, supplement, credit or offset created by or through” HB 6. Energy Harbor, FirstEnergy and certain current and … first energy arrests

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Toledo joins Ohio AG's lawsuit over HB6 FirstEnergy

Details: The FBI alleges that between 2017 and 2020, the men accepted $60 million in dark money payments from FirstEnergy and its affiliates in exchange for the passage of … first energy news 2020

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Householder scandal: FirstEnergy fires CEO Chuck Jones

Details: Jones led the transition of FirstEnergy from a deregulated electric utility to a traditional regulated utility. As part of that strategy, the former FirstEnergy Solutions, which was the debt-heavy generation arm of FirstEnergy, filed for Chapter 11 bankruptcy, coming out of that process in February this year as independent company Energy Harbor.

› Verified 7 days ago

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FirstEnergy Solutions emerges from bankruptcy, becomes

Details: COLUMBUS, Ohio—FirstEnergy Solutions, the Akron-based coal and nuclear power generating company, announced Thursday it has successfully emerged from Chapter 11 bankruptcy proceedings and become

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How Much Trouble Is FirstEnergy in Over Bribery Charges

Details: FirstEnergy Solutions first approached the state's lawmakers in 2016 to discuss a bailout of the company's nuclear and coal-fired power plants in 2016. In early 2018, Paul Singer's Elliott

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FirstEnergy paid $4M to end a contract

Details: FirstEnergy Solutions, now called Energy Harbor, is an Akron-based company that owns two nuclear power plants in Ohio. It is a former subsidiary of FirstEnergy Corp.

› Verified 8 days ago

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FirstEnergy Solutions successor faces $500M in damages and

Details: Dive Brief: The Ohio Valley Electric Corporation (OVEC) is back in federal bankruptcy court this week with a demand for more than $500 million from …

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FirstEnergy Solutions bankruptcy may end soon

Details: Akron's FirstEnergy Solutions says it expects to conclude its restructuring by the end of this year, because U.S. Bankruptcy Court Judge Alan Koschik is confirming its plan of reorganization.

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FirstEnergy Subsidiary Wins Bankruptcy Plan Approval In

Details: FirstEnergy Solutions filed for bankruptcy last year and wants to separate from Akron-based FirstEnergy Corp. A federal bankruptcy judge in Akron signed off on the company’s reorganization plan Wednesday after it finalized two union labor agreements. READ MORE: West Virginia Lifts Social Gathering Limit, Allows Maskless Exercising

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FirstEnergy Turns to New Acting CEO Amid Cloud of

Details: FirstEnergy’s Acting CEO Steve Strah got a chance to talk to investors Monday during the utility’s quarterly earnings call.. Strah acknowledged the cloud of uncertainty hanging over the company. Last week FirstEnergy fired CEO Chuck Jones and two more executives in the wake of a federal bribery investigation into Ohio’s nuclear bailout law. Chris Pappas, executive director of FirstEnergy

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Latest Court Challenge Raises Question of Reopening

Details: Latest Court Challenge Raises Question of Reopening FirstEnergy Solutions’ Bankruptcy Ruling Posted By Kathiann Kowalski, Eye on Ohio on Fri, Oct …

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FirstEnergy fires CEO, 2 other top executives in wake of

Details: Utility industry news and analysis for energy professionals. case filed by former FirstEnergy subsidiary FirstEnergy Solutions. is emerging and driving new operational and market solutions

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FirstEnergy, Energy Harbor stock plummet following arrest

Details: COLUMBUS (WCMH) — The stocks of FirstEnergy and Energy Harbor are plummeting after Larry Householder, Ohio Speaker of the House, and four associates were charged with receiving approximately $60

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Latest Court Challenge Raises Question of Reopening

Details: Environmental groups have filed a motion asking a federal appeals court to tell FirstEnergy Solutions’ bankruptcy court judge to take action in light of the alleged corruption cases in federal

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Latest Challenge Raises Question Of Reopening FirstEnergy

Details: FirstEnergy Solutions, now known as Energy Harbor, planned to close two Ohio nuclear power plants, including Perry, if HB6 did not become law. [Nick Castele / ideastream] Published October 12, 2020 By Kathiann M. Kowalski, Eye On Ohio

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FirstEnergy Fights Disclosure Of More Details In Alleged

Details: FirstEnergy Solutions, now known as Energy Harbor, planned to close two Ohio nuclear power plants, including Perry, if HB6 did not become law. [Nick Castele / ideastream] Published October 30, 2020 By Kathiann M. Kowalski, Eye On Ohio

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FirstEnergy Solutions : Corp. Announces New Management

Details: AKRON, Ohio, Feb. 28, 2019 /PRNewswire/ -- FirstEnergy Solutions Corp. ("FES") and FirstEnergy Nuclear Operating Company ("FENOC") announced that the Board of Directors approved the appointment of a new senior management team to lead the Company through the successful conclusion of its restructuring process. The new senior management team will also lead the Company post …

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FirstEnergy Corp. Home

Details: FirstEnergy’s 10 regulated distribution companies form one of the nation’s largest investor-owned electric systems, based on serving 6 million customers in the Midwest and Mid-Atlantic regions. Stretching from the Ohio-Indiana border to the New Jersey shore, the companies operate a vast infrastructure of more than 269,000 miles of distribution lines and are dedicated to providing customers

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Company: 'FirstEnergy acted ethically' in Ohio scandal

Details: FirstEnergy's 10 regulated distribution companies form one of the nation's largest investor-owned electric systems, based on serving 6 million customers in the Midwest and Mid-Atlantic regions.

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‘Dark money’ group admits involvement in Householder

Details: FirstEnergy, which spun off FirstEnergy Solutions in bankruptcy proceedings, also gave more than $1.1 million directly to Ohio politicians, including Householder, between 2017 and 2019.

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Latest Challenge Raises Question of Reopening FirstEnergy

Details: Latest Challenge Raises Question of Reopening FirstEnergy Solutions’ Bankruptcy Ruling. This article is provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network.. By Kathiann M. Kowalski COLUMBUS, Ohio – Environmental groups have filed a motion asking a federal appeals court to tell FirstEnergy Solutions

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FirstEnergy pumped $1M into backing DeWine, records show

Details: Akron-based FirstEnergy and FirstEnergy Solutions donated more than $1 million to nonprofit groups and political campaigns since 2017 to help elect Gov. Mike DeWine, according to …

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Challenge raises question of reopening FirstEnergy

Details: The state case also seeks to prevent FirstEnergy Solutions, Energy Harbor, FirstEnergy or other defendants “from receiving any monetary benefit, supplement, credit or offset created by or through” HB 6. Energy Harbor, FirstEnergy and certain current and …

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FirstEnergy’s transparency pledge clashes with ongoing

Details: EDITOR'S NOTE: This is Part 1 of a three-part series which began will continue on April 20 and April 21. This article provided by Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network.Readers can join the free mailing list or the mailing list for the Energy New Network as this helps provide more public service reporting.

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FirstEnergy earns downgrades, negative outlooks from S&P

Details: FirstEnergy Corp. earned a two-notch downgrade from S&P Global Ratings and a downgrade from Fitch Ratings, following the termination of three executives, including CEO Charles Jones Jr. . On Oct. 29, FirstEnergy announced the termination of Jones after an internal review related to the company's role in an alleged bribery scheme behind the passage of Ohio's nuclear subsidy law.

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FirstEnergy, Householder bribery scandal won't make lights

Details: Akron-based FirstEnergy Corp. has been in the news a lot since last July, when federal agents arrested former Republican Ohio House Speaker Larry Householder and other men, including lobbyists for FirstEnergy and its former subsidiary FirstEnergy Solutions, now a separate company known as Energy Harbor.. Federal criminal proceedings have followed in the $61 million bribery and …

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FirstEnergy Stock Has Further To Fall (NYSE:FE) Seeking

Details: FirstEnergy has suffered from turbulence before this latest controversy related to its separation of its fossil fuel and nuclear generating plants into a new company. Back in 2017, APPA News

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Retiring FirstEnergy Solutions coal plants are major

Details: The impending retirement of two FirstEnergy Solutions Corp. coal-fired power plants could create significant exposure for Murray Energy Corp., owner of two Northern Appalachia mines that sent more than a quarter of their coal to the plants in 2017.. FirstEnergy Solutions, or FES, announced Aug. 29 that it would deactivate its 2,490-MW Bruce Mansfield coal plant in Pennsylvania by June 1, …

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FirstEnergy fires CEO, VPs after 2 plead guilty in nuclear

Details: A company internal review related to the government investigations determined they 'violated certain FirstEnergy policies and its code of conduct,' First Energy said in a news release.

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FirstEnergy names new CEO Nasdaq

Details: Reuters Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day.

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FirstEnergy notifies customers of

Details: If you have FirstEnergy Solutions as your electricity generation supplier, your contract will be changing hands in the coming months. A notice sent to customers outlines the next steps in an ongoing bankruptcy case against the First Energy subsidiary, which filed for chapter 11 protection in March 2018. A notice sent to customers last fall […]

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FirstEnergy Had Big Stake in Tainted Nuclear Plant Bailout

Details: CLEVELAND (AP) — FirstEnergy Corp. was once blamed for its part in triggering North America's largest blackout nearly 20 years ago. Now, the multistate power company is …

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FirstEnergy accelerates shutdown of

Details: FirstEnergy Solutions Corp. announced Friday that it would be shutting down its coal-powered plant in Beaver County ahead of schedule. The Bruce Mansfield Power Plant will be …

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FirstEnergy Faces Another Audit

Details: An upcoming audit could reveal whether FirstEnergy improperly used ratepayer money to funnel millions of dollars to an alleged unlawful conspiracy to pass and defend the state’s coal and nuclear bailout law.. The December 30 audit order by the Public Utilities Commission of Ohio came the same week that the Ohio House of Representatives made available documents suggesting that …

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As Corruption Investigation Continues, FirstEnergy Shows

Details: FirstEnergy spun off that subsidiary to shed the risks involved in the energy marketplace and return to the reliable earnings of a regulated utility. FirstEnergy Solutions sought protection from bankruptcy court and emerged as a standalone company now called Energy Harbor. Kowalski expects the new company will face some challenges.

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FirstEnergy Solutions rang up $1 million legal bill to

Details: FirstEnergy Solutions rang up a legal bill approaching $1 million to help persuade the Ohio General Assembly to approve the $1 billion, consumer-financed bailout of …

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FirstEnergy Solutions Preparing New Filing In Bankruptcy

Details: FirstEnergy Solutions blames the current energy market for its decision to shutter its Ohio coal plant in Ohio within the next four years. It seems to be the final chapter in FirstEnergy’s struggle to keep its coal plants operational.

› Verified 9 days ago

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FirstEnergy Solutions bankruptcy

Details: FirstEnergy’s generation subsidiaries are in Chapter 11 proceedings in the federal bankruptcy court in Akron. The parent corporation FirstEnergy is a major secured creditor in the case, filed on March 31. In bankruptcy proceedings, a secured creditor stands in line before unsecured creditors when it comes to getting paid.

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FirstEnergy extends lease to keep headquarters in downtown

Details: FirstEnergy Corp. has signed a 10-year lease extension for its 19-story headquarters at South Main and Mill streets that was set to expire in June 2025, the company said in a news release.

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