The Ohio Senate has added a session date next week and may consider options to repeal the nuclear bailout law, House Bill 6. Meanwhile, Attorney General Dave Yost this week threatened to sue to block HB 6 subsidies for Ohio’s nuclear plants. The subsidies would total $150 million a year, generated by fees added to Ohioans’ electricity bills starting Jan. 1.
Also this week, the Associated Press published this story examining the alleged $60 million bribery scheme that led to the arrest of former Speaker Larry Householder (R-Glenford). The article references OMA research that estimates FirstEnergy could reap $355 million in unearned revenue through 2024 due to HB 6’s “decoupling mechanism.” 8/27/2020