Davis Besse Nuclear Power Generation Station

Davis Besse
TIM RUDELL / WKSU

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
TIM RUDELL / WKSU

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.