The Ohio House of Representatives has approved a sweeping energy bill that boosts financial support for two struggling nuclear power plants and two coal-fired power plants, while gutting programs promoting renewable energy and energy efficiency, Kallanish Energy reports.
The much-watched, much-debated bill was approved by a 53-43 vote.
House Bill 6 would raise $200 million a year by imposing a new fee on all Ohio residential electric customers to support FirstEnergy Solutions, the owner of the Perry and Davis-Besse nuclear power plants in northern Ohio.
That would amount of nearly $1.3 billion over the six years the legislation is slated to last, ending in 2027. Without the additional money from customers ($1 per customer), the plants will close within two years, said the company, which is spinning off from Akron-based FirstEnergy Corp. It filed for Chapter 11 bankruptcy protection last year.
The bill would erase Ohio’s clean-energy mandates that had been adopted in 2008. Under that plan, Ohio utilities were required to produce 12.5% of their energy from renewable sources by 2027. That is backed by a $4.39 per month fee paid by Ohio electricity customers.You can read more by clicking here.
FirstEnergy Corp. reported earnings of $981 million last year.