FirstEnergy Solutions to close three nuclear power plants

FirstEnergy Corp. Bruce Mansfield Power Plant in Shippingport, Pennsylvania. Photo: Robert Nickelsberg / Getty Images)

FirstEnergy Solutions said Wednesday it will be closing two nuclear power plants in Ohio and another in Pennsylvania within three years. The company plans to continue lobbying for legislative solutions to keep plants operating, "but will also look for potential buyers as another alternative."

Why it matters, per Axios' Ben Geman: The closures underscore the intense competition nuclear plants face at a time of stagnant power demand, cheap natural gas and falling renewable costs. This will also focus more attention on the Trump administration's efforts to aid struggling coal and nuclear plants.