FirstEnergy / Nuclear Energy / Ohio Utility Bailouts

Bill that subsidizes nuclear, scraps renewable standards passes Ohio House

“Several Republicans against the bill argued that it picked winners and losers in the energy market.

But as House Speaker Larry Householder (R-Glenford) argues, there is no free market approach to energy.

‘How can you say that when you put subsidies in wind and you put subsidies on solar, you subsidize everything accept certain segments of the marketplace, that that’s a free market?’ asks Householder.

FirstEnergy Solutions is currently filing for bankruptcy and says the nuclear plants will close without legislative relief.

In a statement, FES said, ‘We’re very pleased that HB6 has successfully passed the Ohio House and will be working for a similar result when the State Senate takes up the legislation. This bill provides an effective legislative solution to keep FES’s nuclear power plants open for many years to come, while preserving 4,300 highly-skilled jobs and an important revenue source. Until the Senate vote, FES will continue to engage in a constructive dialogue with legislators about the need to protect 90% of the state’s zero- emissions electricity and provide the majority of Ohioans considerable savings on their electricity bills.’

The bill now goes to the Ohio Senate where committee hearings could start in the beginning of June.”

— Andy Chow, Statehouse News Bureau

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