Coal Generator That Trump Tried to Save Files for Bankruptcy
- FirstEnergy had asked Trump administration for emergency order
- Electricity generators across U.S. pummeled by low power rates
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A power generator that pleaded for the Trump administration’s help in bailing out struggling coal and nuclear plants has filed for bankruptcy.
FirstEnergy Solutions Corp., its subsidiaries and FirstEnergy Nuclear Operating Co. listed $550 million in cash to continue operations and meet obligations to employees in a Chapter 11 filing in Federal Court in Akron, Ohio, according to a March 31 statement distributed by PR Newswire. Parent FirstEnergy Corp. is not part of the filing, the company said in a separate statement.