Girl Planting seeds

Ohio Passes Nuclear Bailout Bill, Bringing State-Level Nuke Subsidies to $15.5 Billion

Ohio legislators today passed a bill giving a $1.1 billion bailout to two nuclear power plants. The bill, which was quickly signed by Republican Gov. Mike DeWine, will slap a five-year surcharge on the electricity bills of all Ohioans, whether or not they are customers of FirstEnergy Solutions, owner of the plants.  Figures compiled by EWG show that the Ohio bailout brings the total of nuclear subsidies approved by five states since 2016 to almost $15.5 billion. According to Utility Dive, the bill would also provide nearly $50 million a year in subsidies to two large coal-burning power plants, and severely cut back Ohio’s commitment to renewable energy.  Read more....

 

Back

 
 
close (X)