FirstEnergy name change OK’d by regulator

FirstEnergy Solutions has announced that the Nuclear Regulatory Commission has approved the transfer of the operating licenses for the Davis-Besse, Perry and Beaver Valley nuclear power stations from the FirstEnergy Nuclear Operating Company to Energy Harbor Nuclear upon the company's successful emergence from bankruptcy restructuring.
FES announced last month that it will change its corporate name to Energy Harbor when its restructuring process is completed.
"The transfer of the operating licenses of all of our nuclear stations is another important milestone in the completion of our restructuring process. We appreciate the diligence and hard work of the NRC staff in this matter and look forward to continuing to provide our local communities and customers approximately 33 million megawatt hours of safe, reliable, carbon-free power from these plants annually," said David Hamilton, FES chief nuclear officer.
The Davis-Besse and Perry plants generate approximately 90 percent of Ohio’s carbon-free electricity and along with the Beaver Valley plant in Pennsylvania, employ approximately 2,000 employees.
After restructuring, FES will become Energy Harbor, a privately-held, independent power producer.
Its fleet of generating resources will be capable of producing nearly 50 million megawatt hours of electricity, the company said.
Energy Harbor will remain headquartered in Akron and will employ nearly 2,800 people.
In October, FES announced that the U.S. Bankruptcy Court overseeing the Chapter 11 restructuring will confirm the company’s reorganization plan, enabling it to conclude the restructuring process by the end of 2019.
FES, its subsidiaries and FENOC voluntarily filed for bankruptcy on March 31, 2018.