One of Ohio’s largest energy companies could be closing or selling all of its power plants within the next two years.
FirstEnergy, given the current economic and regulatory climate, is reviewing what to do with its coal and nuclear plants. They say there are three options; either sell the plants, close them or keep them under the condition that the state changes its regulatory framework.
FirstEnergy’s Doug Colafella says that third option would mean turning away from Ohio’s current deregulated industry.
“Take some control back and be able to look at a long term planning what’s the right mix of power generating facilities that we need in the state.”
FirstEnergy’s currently generates about 5,000 megawatts of power that could light up about 5 million Ohio homes.