FirstEnergy Solutions – Judge Refuses to Approve Disclosure Statement, Sides with FERC as to “Unconfirmable Plan”

April 4, 2019 – The Court hearing the FirstEnergy Solutions Corp ("FES") cases issued an oral ruling refusing to approve the adequacy of the Debtors' Disclosure Statement [Docket No. 2121]. In holding that the Disclosure Statement "underlies an unconfirmable Plan" and hence could not be approved, Judge Alan Koschik clearly took to heart the objection…