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FirstEnergy Subsidiary Reaches Deal To Leave Bankruptcy

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A deal is in place to help Akron-based FirstEnergy Solutions emerge from bankruptcy protection. 

Creditors have agreed on a plan that will create a privately-held company in October.  The agreement will allow the company to operate its nuclear and coal-fired power plants until their deactivation dates, or longer if state lawmakers pass the bailout sought by the firm.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
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