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FirstEnergy Solutions files for bankruptcy

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

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.