Sen. Mark Romanchuk (R-Ontario) on Jan. 27 presented testimony in support of his Senate Bill 10 to repeal provisions of House Bill 6, the tainted nuclear subsidy law passed in 2019. Specifically, SB 10 repeals the decoupling and significantly excessive earnings test (SEET) provisions that were intended to benefit FirstEnergy, while closing the door on decoupling riders for other utilities.
“SB 10 is an important step forward to protect customers,” said OMA president Ryan Augsburger. “We urge the Senate to strengthen the bill by repealing the Ohio Valley Electric Corporation (OVEC) subsidies that were also embedded in HB 6.” Prompt passage of SB 10 is expected. 1/28/2021