Ohio Nuclear Plant Bailout Stumbles in Statehouse
A proposed bailout for Ohio’s two nuclear power plants that would lead to rate increases for FirstEnergy customers appears to be stalled in the Legislature.
One legislative committee considering the idea suspended testimony last month amid protests against the plan while another committee held its fourth hearing this week without taking a vote.
Much of the written testimony submitted to lawmakers opposes a plan that could lead to $300 million a year in new charges for FirstEnergy customers, The Plain Dealer reports.
FirstEnergy’s average residential customer would pay about $5 more per month, while businesses and factories would see much larger increases if the Legislature approves the bailout.
The Akron-based utility says subsidies are needed to save the Davis-Besse and Perry plants, which sit along Lake Erie and produce 14 percent of the state’s electricity. The company has said the plants might be sold even if subsidies are approved.Click here to continue reading this article.
Connect with us on Facebook and Twitter!