Moody's: Coal bailout bad for consumers, good for First Energy

Electricity customers would see their rates rise if Energy Secretary Rick Perry moves to save financially struggling coal and nuclear plants, but Ohio utility FirstEnergy, which requested the move, would benefit, credit ratings giant Moody’s said Thursday.

“Should an action be adopted, owners of fuel-secured power facilities such as FirstEnergy Solutions and Exelon Generation Company, LLC, along with U.S. domestic coal producers, would likely benefit,” a Moody’s analysis read.