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Judge Approves FirstEnergy Solutions' Bankruptcy Plan

Oct 18, 2019

A federal judge has approved a bankruptcy plan outlined by Akron-based FirstEnergy Solutions after it finalized two union labor agreements. 

Ohio lawmakers this year approved a roughly $1 billion financial bailout for the company's two nuclear power plants. The company warned this week it will take steps to close the plants if a repeal effort makes it onto the 2020 statewide ballot. The company says it plans to emerge from bankruptcy protection by the end of the year.