Coal, nuclear plant operator files for bankruptcy, asks Trump for a bailout
Ars Technica -------- On Saturday, power corporation FirstEnergy placed its coal and nuclear generation units under chapter 11 bankruptcy. Although coal and nuclear plants across the country have struggled to compete with the low prices of natural gas, FirstEnergy's filing is unique because it stands to take on a political dimension. Just two days before FirstEnergy's bankruptcy filing, the company petitioned the Department of Energy (DOE) for an emergency bailout, citing concerns about reliability. To learn more click on the picture below to read the article.