Another competitive power generation project has been cancelled due to the enactment of House Bill 6, the nuclear bailout plan. The Youngstown Vindicator this week reported on the decision by Clean Energy Future to shelve its plans to develop a third natural gas-fueled power plant in Lordstown. It is estimated the $1.1 billion plant would have brought $29 billion worth of economic benefit to the region over its 50-year life.
Approved by the General Assembly and signed into law in mid-July, HB 6 forces Ohio customers, including manufacturers, to subsidize the state’s nuclear power plants, as well as certain coal-fired generation facilities, giving those generators an unfair advantage and undercutting market economics. Last month, it was announced that a planned gas-fired power plant slated for Wood County had been cancelled due to HB 6. 8/21/2019