What Are the Real Economics Around Ohio’s Two Nuclear Plants?

Many Ohio lawmakers are clamoring to repeal and replace House Bill 6, the bailout for nuclear power plants. But what does that mean? Significant data was ignored by policymakers when the bill was rocketed through the legislative process just one year ago. Many anti-market provisions of the law were not well understood when HB 6 was debated.

A key reason for support of HB 6 was to protect the jobs and carbon-free generation of First Energy’s two nuclear generation plants. But the finances of the plants were never examined in the legislative process. Was there really a need for subsidies? Read more in this OMA memorandum. 7/30/2020