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Bankruptcy Judge Rejects FirstEnergy Reorganization Plan

April 09, 2019

A federal bankruptcy judge rejected a reorganization plan from FirstEnergy that would have seen the company’s generation subsidiary walk away from coal and nuclear plants it plans to close in Ohio and Pennsylvania. FirstEnergy had reached a deal with creditors to close 8 GW of uncompetitive plants, but the judge called the agreement "patently unconfirmable."

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