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June 21, 2018

FirstEnergy's Request for Trump Relief Draws More Critics

  • Government
  • Executive
  • Energy

The Blade — The Trump Administration plan to bail out struggling nuclear and coal-fired power plants comes two months after FirstEnergy Solutions filed what many experts see as a historic and potentially landmark petition for relief under Chapter 11 bankruptcy laws.

According to The Associated Press, such a move is “unprecedented intervention into U.S. energy markets.” When asked if it was legal, Jeff Shields, a spokesman for the nation’s largest electric grid operator, PJM Interconnection, told The Blade this: “Stay tuned.”

Read more at The Blade.

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