Ohio-based First Energy Corp. plans to shed its competitive generation business, including closing three nuclear power plants, following a strategic review that will be finished this summer. The 908-MW Davis-Besse and 1,286-MW Perry nuclear plants in Ohio and the 1,872-MW Beaver Valley plant in Pennsylvania are likely to be closed as the company examines 10,600 MW of its coal, natural-gas and nuclear plants. After state and federal efforts to help subsidize nuclear plants failed, the utility on Jan. 22 announced three private funds’ $2.5-billion investment to help the company exit the competitive generation market and focus on transmission and development. In a related story, NextEra on Jan. 26 said it likely will close the Duane Arnold Iowa nuclear plant in 2025.
FirstEnergy to Close Nuclear Plants in Restructuring
January 31, 2018