FirstEnergy’s financial predicament didn’t spring up overnight.
The company has spent years asking Ohio lawmakers and regulators for extra money from ratepayers. Its lawyers and lobbyists have urged the federal government to give preferences to coal and nuclear plants to protect them from competition. And now the company is a major creditor in the bankruptcy case of its generation subsidiaries.
Here’s a “picture book” look at developments that took place and decisions FirstEnergy made in the years leading up to its latest calls for relief.