nuclear-news

The Ohio nuclear scandal: Davis-Besse and Perry power plants in northern Ohio couldn’t cover costs, let alone make a profit.

An arm of FirstEnergy Corp. was “bleeding cash” as it explored options
for the two aging nuclear plants eventually rescued by Ohio House
legislation that federal prosecutors say former Speaker Larry Householder
championed in exchange for corporate bribes, a utility executive testified
Tuesday.

Steven Staub, the company’s vice president and treasurer, told
jurors on the second day of Householder’s corruption trial that power
prices had gotten so low in the years leading up to the bill’s passage in
2019 that the Davis-Besse and Perry power plants in northern Ohio couldn’t
cover costs, let alone make a profit.

 Independent 24th Jan 2023

https://www.independent.co.uk/news/world/americas/ap-ohio-charles-walker-cincinnati-fbi-b2268452.html

January 25, 2023 - Posted by Christina Macpherson | Legal, USA