The AP has spotlighted efforts in the Ohio House and Senate to repeal a House Bill 6-related subsidy for two unprofitable Cold War-era coal plants. The AP story points to OMA research that shows the plants lost $1.3 billion from 2012 through 2019 and continue to lose money.
The subsidy for the Ohio Valley Electric Corporation (OVEC) plants — one of multiple reasons the OMA opposed HB 6 — “has cost Ohio customers more than $340 million thus far and leave them on the hook for hundreds of millions more.”
Meanwhile, the House Public Utilities Committee this week held its second hearing on House Bill 351 — the House version of the OVEC subsidy repeal. Kim Bojko, the OMA’s energy counsel, offered proponent testimony. (See Kim’s testimony beginning at the 1:07:30 mark, as well as this story by Gongwer News Service.) 9/29/2021