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Bankruptcy Court Tuesday to begin Chapter 11 proceedings before Judge Alan M. Koschik, a move that parent company FirstEnergy Corp. sees as a necessary step for it to remain viable and start anew. The Shield Building where the steam generator goes for installation and containment at the Davis-Besse Nuclear Power Station. FirstEnergy is one of America’s largest utilities. It for years had owned the Davis-Besse nuclear plant east of Toledo, the Perry nuclear plant east of Cleveland, the twin-reactor Beaver Valley nuclear complex west of Pittsburgh, and one of the nation’s largest coal-fired power plants, the Sammis plant in eastern Ohio, as well as the much smaller Bay Shore power plant in Oregon, which in 2012 shut down its last three coal-fired units but has continued producing electricity from one unit that has operated on petroleum coke from the nearby BP-Husky refinery since 2000. The parent corporation moved ownership and operation of those and other plants to FES a while back, in anticipation of the bankruptcy proceedings now getting under way. FirstEnergy’s plan is to have the bankruptcy apply to those plants — all deemed unprofitable in today’s changing global energy market — so the parent corporation can strengthen its bottom line and focus exclusively on electricity transmission. Records show dozens of motions filed within the first 48 hours after the bankruptcy filing, many considered “First Day Motions.” “There are some important motions, but they are not unusual for a Chapter 11 bankruptcy,” Thomas Mulligan, a New York-based public relations consultant handling bankruptcy communications for FES, said. In his order granting an expedited hearing, Judge Koschik said notifications were to be made to a consolidated list of creditors holding the 50 largest unsecured claims, as well as the Bank of New York Mellon Trust Co., UMB Bank, Wilmington Savings Fund Society, MetLife Capital, the Internal Revenue Service, the Securities and Exchange Commission, the U.S. Environmental Protection Agency, the Nuclear Regulatory Commission, the U.S. Department of Energy, the Federal Energy Regulatory Commission, the Ohio Attorney General’s Office, the Pennsylvania Attorney General’s Office, attorneys general in Illinois, Maryland, Michigan, New Jersey, and numerous others. Meanwhile, a Chicago-based group of environmental lawyers, the Environmental Law & Policy Center, has filed a petition with the NRC to “affirm FirstEnergy’s legal responsibility as parent company guarantor to demonstrate that it can pay the costs of decommissioning the Beaver Valley 1 & 2, Davis-Besse, and Perry nuclear plants.” The ELPC said it believes FirstEnergy has fallen far off pace of what it needs to successfully dismantle the plants and restore the sites they’ve been on at some point in the future.
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