The recently introduced nuke bailout bill, Senate Bill 128, would cost FirstEnergy ratepayers $300 million a year for up to 16 years to subsidize two Ohio nuclear plants.
It gets worse: the legislation appears to require Ohioans to subsidize out-of-state nuclear generation. FirstEnergy generates nuclear power in Pennsylvania.
FirstEnergy CEO Chuck Jones testified on the House bill this week. Under questioning, he insisted that these above market charges were neither a bailout nor subsidies. Legislators seemed skeptical of that statement. 4/20/2017