Energy Harbor LLC

About Energy Harbor LLC

Energy Harbor was formed in February 2020 from the bankruptcy reorganization of FirstEnergy Solutions, the former competitive subsidiary of FirstEnergy. It operates a fleet of nuclear plants in Ohio and Pennsylvania alongside its retail supply business. Vistra Corp completed its acquisition of Energy Harbor in March 2024.

Ownership timeline

Documented corporate events. Each entry links to a primary source.

1. 2018-03-31
   FirstEnergy Solutions Corp and 6 affiliated debtors filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Northern District of Ohio. [source]
2. 2020-02-27
   FirstEnergy Solutions emerged from Chapter 11 and was renamed Energy Harbor Corp, becoming independent of FirstEnergy Corp. [source]
3. 2024-03-01
   Vistra Corp completed its acquisition of Energy Harbor (~$3.0B cash plus a 15% Vistra Vision equity stake valued at ~$3.43B). The transaction added ~4,000 MW of nuclear generation and ~1 million retail customers to Vistra. [source]

Track record

Documented regulatory actions, litigation outcomes, and major corporate events. Each entry is sourced. Pending matters and unresolved allegations are not listed.

• regulatory
  2021-03-31

  Ohio Governor Mike DeWine signed HB128, partially repealing HB6: the ~$150M/year nuclear-plant subsidy and the related decoupling provision were eliminated. [source]

• litigation
  2021-07-22

  FirstEnergy Corp (the regulated parent at the time of payments, separate from Energy Harbor) was charged by DOJ with conspiracy to commit honest-services wire fraud and entered a deferred prosecution agreement, agreeing to pay a $230 million penalty and admitting via a statement of facts that it paid more than $59 million to a 501(c)(4) in exchange for official acts to pass HB6. Energy Harbor itself was not criminally charged. [source]

• litigation
  2023-06-29

  Former Ohio House Speaker Larry Householder was sentenced to 20 years in federal prison for racketeering conspiracy in connection with the HB6 scheme. Former Ohio GOP chair Matt Borges was sentenced to 5 years. [source]

• regulatory
  2024-09-12

  U.S. Securities and Exchange Commission settled administrative proceeding with FirstEnergy Corp (the parent, separate from Energy Harbor): FirstEnergy agreed to pay a $100 million civil penalty for antifraud, reporting, books-and-records, and internal-controls violations. The SEC order describes payments totaling roughly $60 million from 2017–2020 by FirstEnergy and FirstEnergy Solutions to a 501(c)(4). [source]

• litigation
  2026-04-27

  U.S. Supreme Court denied appeals by Larry Householder and Matt Borges, leaving their racketeering convictions in place. [source]

Rate history

Energy Harbor LLC's lowest fixed and variable rates over time, broken out by territory.