ELPC Statement on the FirstEnergy Solutions Bankruptcy

APRIL 1, 2018

FOR IMMEDIATE RELEASE

Contact: David Jakubiak

ELPC Statement on the FirstEnergy Solutions Bankruptcy

STATEMENT BY HOWARD A. LEARNER

EXECUTIVE DIRECTOR, ENVIRONMENTAL LAW & POLICY CENTER

Howard Learner, Executive Director of the Environmental Law & Policy Center, said in response to FirstEnergy Solutions filing for bankruptcy and the company’s plans to close three nuclear plants:

“FirstEnergy executives made misguided business decisions, which failed in the competitive electricity market. The costs of FirstEnergy’s mistakes shouldn’t be shifted to consumers or taxpayers by asking them to pay more for nuclear plant decommissioning costs,” said Howard Learner, Executive Director of the Environmental Law & Policy Center.

“The Public Utilities Commission of Ohio has already allowed FirstEnergy to charge consumers for a $600 million bailout for its failing coal and nuclear plants. This bankruptcy shows that’s throwing consumers’ good money after bad,” Learner added.

“ELPC will work to ensure that FirstEnergy assumes responsibility for the costs of its business mistakes, and that coal plant clean up and nuclear plant decommissioning costs are not shifted to consumers or taxpayers,” said Learner.

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