National

Finish Line

Axios Finish Line

FirstEnergy Solutions Corp., a coal and nuclear power generator, has filed for bankruptcy, per Bloomberg. Just last week, the company made the decision to close three nuclear facilities in Pennsylvania and Ohio.

The big picture: After the plant closure announcement, FirstEnergy Solutions controversially petitioned Energy Secretary Rick Perry for an emergency order that would allow coal and nuclear generators in the Northeast to meet their operating costs.

FirstEnergy Solutions files for bankruptcy

The utility asked the Energy Secretary Rick Perry  for an emergency order to keep it afloat last week.

A coal-fired power plant in Arizona. Photo: Education Images / UIG via Getty Images

Energy

Coal

Politics

FirstEnergy Solutions Corp., a coal and nuclear power generator, has filed for bankruptcy, per Bloomberg. Just last week, the company <a class="gtmContentClick" data-vars-link-text="made the decision" data-vars-click-url="https://www.axios.com/firstenergy-solutions-to-close-thee-nuclear-power-plants--a2294067-aa42-450a-b5be-b587b7151229.html" data-vars-content-id="4598cd93-b42c-42fb-81ec-0243a6fb6fa1" data-vars-headline="FirstEnergy Solutions files for bankruptcy" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/firstenergy-solutions-to-close-thee-nuclear-power-plants--a2294067-aa42-450a-b5be-b587b7151229.html" target="_self">made the decision</a> to close three nuclear facilities in Pennsylvania and Ohio.The big picture: After the plant closure announcement, FirstEnergy Solutions controversially petitioned Energy Secretary Rick Perry for <a class="gtmContentClick" data-vars-link-text="an emergency order" data-vars-click-url="http://thehill.com/policy/energy-environment/380834-utility-asks-perry-to-save-coal-nuclear-plants" data-vars-content-id="4598cd93-b42c-42fb-81ec-0243a6fb6fa1" data-vars-headline="FirstEnergy Solutions files for bankruptcy" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="http://thehill.com/policy/energy-environment/380834-utility-asks-perry-to-save-coal-nuclear-plants" target="_blank">an emergency order</a> that would allow coal and nuclear generators in the Northeast to meet their operating costs.

President Biden has made the COVID-19 crisis and a post-Trump return to national unity and traditional democratic ideals his top priorities. From vaccinations to stimulus to schools, Biden is seeking bipartisan compromise while showing a willingness to use executive authority and bare Democratic majorities in the U.S. House and Senate to implement his policies. Republican leaders are navigating deep party divisions over if and how to move beyond former President Trump.

FirstEnergy Solutions files for bankruptcy

Go deeper