
(Photo curtesy of Eye on Ohio)
Here’s what’s at stake as Ohio lawmakers debate whether and how to repeal the bailout law at the heart of an alleged $60 million conspiracy case.
By Kathiann M. Kowalski
This article provided to Neighborhood Media through an investigative journalism collaboration with Eye on Ohio, the nonprofit, nonpartisan Ohio Center for Journalism in partnership with the nonprofit Energy News Network. Please join Eye on Ohio’s free mailing list or the mailing list for the Energy News Network as this helps us provide more public service reporting.
A bill to repeal Ohio’s nuclear bailout law has languished for more than a month so far, and signs suggest that House leadership may be angling to defer or stop such efforts as Election Day draws near. Lawmakers filed repeal bills soon after the arrest of former speaker Larry Householder (R-Glenford) and others in July.
Starting in January, House Bill 6 will require ratepayers to pay approximately $1 billion over the course of six years for subsidies that FirstEnergy had sought for two Ohio nuclear plants. Yet more is at stake, even beyond the $7 average increase in monthly energy spending that some advocates forecast as a result of the law.
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