Renewable Energy

Large businesses thank Governor Kasich for energy bill veto

ceresreport2COLUMBUS — “Major Ohio employers today commended Republican Gov. John Kasich for vetoing an energy bill that they say would have increased electricity costs and made Ohio less globally competitive.

By vetoing HB554, Ohio’s renewable portfolio standard of 12.5 percent by 2026 goes back into effect on January 1, 2017.  Utilities are also required to implement energy efficiency and peak demand reduction programs that will result in 0.75% reduction in peak demand each year, leading to a cumulative electricity savings of 22% by the end of 2025.

Governor Kasich has ‘sent a clear market signal that clean energy jobs, investment and innovation are welcome in Ohio,’ seven Ohio businesses said in a joint statement, including Whirlpool, Nestle, Ameresco, Clif Bar, Gap Inc., JLL and the National Association of Energy Service Companies  ‘Businesses like ours rely on renewable energy and energy efficiency standards in order to cut costs, avoid energy price volatility and stay competitive,’ the statement continued.”

— press release, CERES

link to press release

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