As unbelievable as it sounds, House Bill 6 would create windfall profits for Ohio’s two nuclear plants by as much as $338.5 million per year — or more than $2 billion over the six-year term of HB 6’s “Clean Air Program.”
Electric ratepayers across Ohio would be left holding the bill.
The OMA has produced an independent analysis of the nuclear plants’ potential profitability under HB 6. Read this document to better understand how the bill would create multiple compensation mechanisms for these plants; trigger special treatment of the plants’ capacity revenue; and make changes in wholesale electricity markets to create even more revenue.
Under the guise of “clean air,” this bill is nothing but an audacious money grab. 6/20/2019