Alistair_Heaton (Mechanical) said:
So what's the predictions for this then?
I don't know what is going on with 3 Mile Island. However, I am aware that the seller, First Energy has a controversial past and has has many scandals:
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[li]Responsible for the Northeast Blackout in 2003. At the time, it was the world's second most widespread blackout in history, after the 1999 Southern Brazil blackout. The outage, which was much more widespread than the Northeast blackout of 1965, affected an estimated 10 million people in southern and central Ontario, and 45 million people in eight U.S. states.[/li]
[li]On March 31, 2018, FirstEnergy Solutions filed for bankruptcy. FirstEnergy Solutions was a generation subsidiary, and FirstEnergy itself remains solvent. The case is being closely watched as it could have significant implications for the U.S. power sector, as the U.S. Bankruptcy Court for the Northern District of Ohio has asserted its primacy over the Federal Energy Regulatory Commission (FERC) relating to certain FirstEnergy Solutions FERC-regulated power purchase agreements.[/li]
[li]On July 21, 2020, Speaker of the Ohio House of Representatives, Larry Householder, former Ohio Republican Party Chairman Matt Borges, and three others were accused of accepting $60 million in bribes from FirstEnergy in exchange for $1.3 billion worth of benefits in the form of Ohio House Bill 6, which increased electricity rates and provided that money as a $150 million per year bailout for two nuclear plants (Perry and Davis–Besse). The stock price of the company plummeted within hours of the arrests bring made. First Energy denies involvement in the charges. State legislators quickly announced plans for a bill to repeal H.B.[/li]
[li]FirstEnergy was required to pay $1.5 billion by 2011 as part of a settlement to end a lawsuit filed by the United States Environmental Protection Agency. This lawsuit alleged that the company failed to install pollution control equipment when upgrading its coal burning plants. Also as part of the settlement, major pollution control equipment is now being installed at the FirstEnergy Sammis site and others. This lawsuit was one of the New Source Review lawsuits filed in the 1990s.[/li]
[li]FirstEnergy Corp. to return $26 million to customers collected under controversial ‘decoupling’ policy. By tying revenue to such a lucrative year, decoupling “essentially takes about one-third of our company and I think makes it somewhat recession-proof,” Chuck Jones, then FirstEnergy’s CEO, said during a call with investors in 2019. But that deal didn’t affect the $26 million FirstEnergy had already collected from customers since January of 2020. Rather, refunds were ordered as part of House Bill 128, a partial repeal of HB6 signed by Gov. Mike DeWine on Wednesday.[/li]
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