Saturday, January 17, 2026

FirstEnergy Looks to Exit Competitive Power Gen Business and Close Ohio Nuclear Plants

From Power Magazine Financially hemorrhaging in 2016 due to uneconomic power plants in its fleet, FirstEnergy Corp. said it may exit the competitive generation business by mid-2018, and shutter its nuclear plants in Ohio, even though it will back legislation to subsidize nuclear power. In a fourth quarter earnings call on February 22, officials from the Akron, Ohio–based company said