FirstEnergy / Ohio Utility Bailouts

Day of reckoning nears for Ohio nuclear bailout bill

State Senator Matt Dolan, a Republican, @ElectMattDolan says he’s working on an HB6 alternative & questions the need to pass nuke subsidies by June 30.

COLUMBUS — “Next week will be an important one in deciding the fate of Ohio’s two nuclear power plants and the state’s green-energy mandates.

House Bill 6, which would bail out FirstEnergy Solutions’ Davis-Besse and Perry nuclear plants and scrap Ohio’s energy-efficiency and renewable-energy standards for utilities, must be passed before the legislature leaves for summer break at the end of the month, proponents say. That’s because FirstEnergy Solutions asserts it must decide by June 30 whether to order $52 million worth of new nuclear fuel or move to close the two plants.

…But as that June 30 deadline approaches, state senators are still working to hammer out a compromise deal that is acceptable to both the Ohio Senate and House.

State Sen. Matt Dolan, a Chagrin Falls Republican, told The Plain Dealer/cleveland.com editorial board Friday that he is working on an “alternative” to HB6 with state Sen. Steve Wilson, a Maineville Republican who chairs the Senate Energy and Public Utilities Committee, which has been holding hearings on the bill.

Dolan, who also serves on the committee, said their proposed revision is ‘not ready to be aired yet,’ but he indicated it would no longer seek to completely abolish the state’s energy-efficiency and renewable-energy standards.

That alternative, Dolan said, ‘won’t undermine the development of alternative energy and clean energy in Ohio.'”

— Jeremy Pelzer, cleveland.com

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