nuclear-news

FirstEnergy Solutions, a subsidiary the corporation founded to manage anticipated bankruptcy filings for its economically failing nuclear and coal divisions, has confirmed in a news release distributed Wednesday that Davis-Besse will be shut down permanently in 2020 and that FirstEnergy’s other nuclear stations will be shut down permanently in 2021 if there are no buyers or remedies found by their respective dates.

The timetable for each permanent closure is determined by refueling schedules.

Commercial-scale nuclear reactors must be refueled every 18 months to two years, depending on the isotope of uranium in their fuel. Davis-Besse emerged this week from what a senior FirstEnergy executive previously described as its last refueling outage.

………. In addition to publishing anticipated closure timelines, FirstEnergy Solutions has made an appeal to the Trump Administration for a last-minute bailout.

……….FirstEnergy Solutions has a Monday deadline looming for a $100 million debt-principal payment.With combined debt estimated at $3.5 billion and losses mounting daily on the competitive side of its business because of the budget drains from its nuclear and coal-fired plants, the utility has turned to a combination of hedge funds managed by four high-powered private investor groups to help move it forward with a regulated growth strategy……..http://www.toledoblade.com/Energy/2018/03/29/Davis-Besse-nuclear-power-plant-to-shut-down-permanently-in-2020.html