Planned 2020 shutdown for Davis-Besse nuclear plant raises questions concerning site’s cleanup

first_img FacebookTwitterLinkedInEmailPrint分享Toledo Blade:It’s back to the drawing board for FirstEnergy Corp. and its subsidiary, FirstEnergy Solutions, now that a federal bankruptcy judge has struck down an important part of the utility company’s proposed restructuring plan.The plan attempted to free the parent company of liability for mounting losses for the division of the firm that controls FirstEnergy’s unprofitable coal-fired and nuclear power plants in Ohio and Pennsylvania, including the Davis-Besse nuclear plant in Ottawa County.FirstEnergy Solutions, which has been assigned to take on the debt and operations of those plants, responded by saying it expects to submit a revised disclosure statement for its reorganization plan. The filing will be with the U.S. Bankruptcy Court in Akron overseeing its Chapter 11 restructuring.FirstEnergy Solutions also wants to assure Ohio and Pennsylvania residents that Thursday’s ruling by Judge Alan Koschik has no impact on the company’s operations or its ability to continue delivering safe and reliable energy.That’s good news for Davis-Besse’s 700-employee workforce and the Benton-Carroll-Salem Local School District that has relied on property tax revenue generated by the plant since it went online 42 years ago, on April 22, 1977. But the long-term outlook for that plant and others managed by FirstEnergy Solutions remains hazy at best. Davis-Besse remains set to close for good no later than May 31, 2020, unless a buyer or a bailout emerges.Critics from both parties have been fiercely determined to let the situation play out on its own without a bailout or market reforms, some claiming such efforts are acts of socialism.More: Davis-Besse remains in limbo after bankruptcy judge strikes down FirstEnergy plan Planned 2020 shutdown for Davis-Besse nuclear plant raises questions concerning site’s cleanuplast_img read more

Castlemore’s shopping spree

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Chelsea clinch title as Eden Hazard seals win over Crystal Palace

first_imgThe trophy will be presented only on the last day of the season, but Chelsea won their fifth English Premier League crown on Sunday after a 1-0 win against Crystal Palace.Eden Hazard dived to head home the title-winning penalty after having his initial kick saved at the Stamford Bridge. Chelsea started slowly and it was Crystal Palace who seemed the most intent on attacking in the early stages, but nevertheless the Blues controlled the ball for most of the first half.The home side still created the most chances, Juan Cuadrado firing over early in the first half.Chelsea took the lead when Hazard dived into James McArthur into the box to win a penalty, and then headed in his own missed attempt from the spot kick. In the second half, Jose Mourinho provoked the critics by immediately removing Cuadrado for the much more defensive John Obi Mikel, and Chelsea set about dominating possession but doing little with it.Branislav Ivanovic went closest for Chelsea towards the end of the half, but Chelsea were happy to take the single-goal victory to seal the title. The Blues have won the title with three games to spare.–Follow Gary on Twitter: @garyalsmithlast_img read more