Meanwhile, Another Nuke Bailout Bill Emerges

Lawmakers in Columbus have been considering legislation to prop up FirstEnergy’s affiliate that owns a fleet of nuclear power plants. The power plants’ profitability has diminished as newer, efficient natural gas-fueled power plants come online. The proposed law would impose a new energy rider on all residential and business customers in FirstEnergy service territories.

The original bill has stalled; however, a revised proposal was introduced anew this week by Rep. Anthony DeVitis (R-Green) and co-sponsored by 15 other state representatives.

House Bill 381 calls for the new rider to be paid by customers until at least 2030. The OMA was an opponent of the prior version of the bill. Needless to say: more to come. 10/12/2017