November 25, 2020
An Ohio bankruptcy judge ordered Akin Gump Strauss Hauer & Feld LLP attorneys billing the bankruptcy estate of reorganized debtor FirstEnergy Solutions Corp. to explain what role, if any, they had in lobbying efforts to get a controversial $1 billion nuclear reactor bailout bill passed by the Ohio Legislature before he would approve their fees.
October 17, 2019
An Ohio bankruptcy judge has approved FirstEnergy Solutions Corp.'s $3.3 billion Chapter 11 plan after the company agreed to assume union contracts that had held up plan approval in August.
August 27, 2019
An Ohio bankruptcy judge has ruled that FirstEnergy Solutions Corp. must decide how its union contracts will be dealt with in Chapter 11 before the company's reorganization plan can be confirmed.
April 05, 2019
An Ohio bankruptcy judge has rejected power generation company FirstEnergy Solution Corp.'s disclosure statement for its Chapter 11 plan, ruling that the plan goes too far to let FirstEnergy's owner off the hook for potential environmental cleanup costs.
January 15, 2019
An Ohio federal judge agreed Tuesday that a Pennsylvania-based auto parts manufacturer's move to cancel its deal to buy power from a bankrupt FirstEnergy Corp. subsidiary violated the company's right to maintain its contractual relationships throughout Chapter 11 proceedings.
November 21, 2018
FirstEnergy Corp.'s bankrupt fossil generation subsidiary filed court papers Tuesday seeking authorization to auction off one of its three power plants with a bidding floor set by an affiliate of Starwood Energy Group Global LLC that it says would net the estate about $152 million.
November 14, 2018
Bankrupt electric utility FirstEnergy has reached a settlement with Murray Energy Corp. that will end a dispute over a coal sales contract that Murray claims is worth $3.1 billion, in exchange for a $75 million unsecured claim and renegotiation of the contract's terms.
October 17, 2018
FirstEnergy's bankrupt power generation subsidiaries have asked an Ohio bankruptcy court to allow them to take out up to $25 million in letters of credit, saying the credit will help to keep the company's seven power plants in operation.
October 03, 2018
An Ohio bankruptcy judge on Tuesday turned down FirstEnergy Solutions Corp.'s request to end a decadeslong coal purchase deal with Murray Energy Corp. that the coal giant argued was inextricably tied to its contract to dispose of FirstEnergy's coal waste.
September 19, 2018
An Ohio bankruptcy judge denied FirstEnergy Corp.'s bankrupt nuclear generation unit permission to pay its employees up to $100 million in retention bonuses, saying Tuesday that the company hadn't given sound reasons to exclude union workers from the plan.