CMOP + 227 April 2, 2018 Days after FirstEnergy approached the Department of Energy with a request for what would have effectively been a bailout package, the company announced that its coal subsidiary FirstEnergy Solutions and nuclear unit FirstEnergy Nuclear Operating Co. filed for Chapter 11 bankruptcy protection. https://oilprice.com/Latest-Energy-News/World-News/FirstEnergy-Coal-Nuclear-Business-Files-For-Bankruptcy.html Quote Share this post Link to post Share on other sites
Cokiga Damke + 53 CD April 2, 2018 I thought we were supposed to make coal great again. 1 Quote Share this post Link to post Share on other sites
李伟王芳 + 77 ZL April 2, 2018 There should be no bankruptcy relief whatsoever. Capitalism at work 1 1 Quote Share this post Link to post Share on other sites
Joanna + 68 JT April 2, 2018 6 minutes ago, Cokiga Damke said: I thought we were supposed to make coal great again. coal waste is more radioactive than nuclear waste. 1 Quote Share this post Link to post Share on other sites
Cokiga Damke + 53 CD April 2, 2018 He was just in Ohio last week and didn't mention a word about energy. 1 Quote Share this post Link to post Share on other sites
Hajga Loma DK + 47 HL April 2, 2018 The business was not failing. They simply want a special, higher, government guaranteed rate. 1 Quote Share this post Link to post Share on other sites
JohnAtronis + 78 JA April 2, 2018 Obama wasted Billions on unproven solar and wind companies ...to his Democrats friends. Nuclear power and coal are powerful, baseline energy sources. 1 Quote Share this post Link to post Share on other sites
Hajga Loma DK + 47 HL April 2, 2018 US Government stepping in to save First Energy would set very bad precedent. Too many companies like itin same condition. Bad decisions, like paying out over $500mn in dividends every year, have consequences for poorly run companies. 2 Quote Share this post Link to post Share on other sites
Joanna + 68 JT April 2, 2018 If you are old enough, you will remember the energy crises back in the 70's. When it first hit, people really started exploring alternative energy. 1 Quote Share this post Link to post Share on other sites
Cokiga Damke + 53 CD April 2, 2018 57 minutes ago, 李伟王芳 said: There should be no bankruptcy relief whatsoever. Capitalism at work Coal and nuclear together account for our second largest source of electricity at 35% behind natural gas at 40% 1 Quote Share this post Link to post Share on other sites
Michele Denney + 3 MD April 9, 2018 This is a decision for the federal court judge based on regulations not on social media or popularity . 1 Quote Share this post Link to post Share on other sites
CMOP + 227 April 26, 2018 On 4/9/2018 at 11:05 AM, Michele Denney said: This is a decision for the federal court judge based on regulations not on social media or popularity . Definitely we'll see what happens. Quote Share this post Link to post Share on other sites
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