Ohioans to Subsidize Out-of-State Nukes?


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. Its companion bill is House Bill 178.  Read an analysis of the bills, and a memo on a bogus cost cap in them. 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