The FirstEnergy bailout
The more you learn, the less you'll like it
Why should customers pay for FirstEnergy's mistakes? The Ohio-based power company made a string of bad business decisions and keeps asking customers to pay for them. And on top of relentlessly seeking subsidies at the state level, FirstEnergy also took its bailout pleas to the Trump administration.
Consider the facts:
- FirstEnergy made a huge investment in coal, which crashed its profits and sent its emissions through the roof.
- In response, it is trying to kill the burgeoning clean energy industry and make ratepayers foot the bill.
- Federal regulators have blocked FirstEnergy's bailout attempts before, and we believe the Ohio Supreme Court would likely do the same.