HB 772 differs from the so-called “straight repeal” bills in that Rep. Romanchuk’s legislation would reverse the law on new customer costs imposed by HB 6, including subsidies for nuclear power plants, old coal plants, and subsidized profits for FirstEnergy. HB 772 appears to line up with the four suggested elements for repeal and reform as outlined by the OMA in testimony last week.
The OMA will be studying the bill in detail and will share analysis next week. Stay tuned. 10/1/2020