Republicans on the House Energy & Natural Resources Committee this week adopted the latest substitute version of the nuclear bailout legislation, Sub. House Bill 6. This marks the 14th version of the bill since its introduction a month ago. The OMA has been opposed to the legislation due to the new costs and risks it would impose upon manufacturers and other customers. Here is the OMA’s customer cost impact analysis.
Also this week at the Statehouse, FirstEnergy’s budget amendment — which would allow the monopoly distribution company to retain “significantly excessive” profits on the backs of captive customers — was considered in the Senate. Other legislation surfaced this week in the House that would allow utilities to capture even greater above-market costs from customers under the Electric Security Plan process.
The OMA Energy Committee meeting on May 30 will shed more light on the latest policy developments that could affect manufacturers. You can register here to join the discussion. 5/16/2019