Press Release

April 04, 2019

U.S. Bankruptcy Court Judge Order Denying FirstEnergy Solutions Debtors’ Motion that Would Have Moved Bankruptcy Plans Forward

ELPC Statement on U.S. Bankruptcy Court Judge Order Denying Firs Energy Solutions Debtors’ Motion that Would Have Moved Bankruptcy Plans Forward. Judge’s order halts bankruptcy plan process for FES.

 

 

STATEMENT BY HOWARD A. LEARNER
EXECUTIVE DIRECTOR, ENVIRONMENTAL LAW & POLICY CENTER

“U.S. Bankruptcy Court Judge Koschik’s ruling today is a huge victory for the environment, consumers and the public interest,” said Howard Learner, Executive Director of the Environmental Law & Policy Center and one of the attorneys for a coalition of citizens’ organizations. “Judge Koschik correctly determined that Debtor FirstEnergy Solutions’ extraordinarily broad releases of environmental liabilities and responsibilities make the proposed reorganization plan ‘patently unconfirmable.’ Those proposed third-party releases were legally impermissible, unfair and contrary to the public interest by maneuvering to shift coal plant environmental remediation costs and nuclear plant decommissioning costs onto the public.”

 

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