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Ohio’s Electric Power Association happy to see the end of customer-funded nuclear subsidies

EPSA expresses support for Ohio’s end of customer-funded nuclear subsidies, https://dailyenergyinsider.com/news/29767-epsa-expresses-support-for-ohios-end-of-customer-funded-nuclear-subsidies/?amp  Chris Galford,  With Gov. Mike DeWine’s approval last week, Ohio House Bill 128 officially put an end to nuclear energy subsidies in the state and amended existing law to better benefit solar resources instead, earning praise from the Electric Power Supply Association (EPSA).

Specifically, H.B. 128 took aim at the provisions of another bill, H.B. 6, from the last General Assembly.

“Today is a long-awaited day for Ohio families and businesses,” Todd Snitchler, head of the EPSA, said. “The nuclear subsidies included in H.B. 6 were unnecessary and unjustified, and only passed due to the alleged unprecedented corruption in the legislative process and referendum effort. The H.B. 6 debacle shows that politically motivated efforts to subsidize favored energy resources at the behest of powerful and well-funded interests invites malfeasance, undermines competition and innovation, and drives up costs for consumers without ensuring better energy solutions for those paying the bill.”

H.B. 6 had, at the time, been widely promoted by FirstEnergy Corp. and FirstEnergy Solutions. It categorized nuclear power alongside other renewable energy sources. It allowed providers to draw credits for each megawatt hour of electricity reported and to draw from a $20 million annual disbursement fund for renewable sources, among other things.

The EPSA staunchly opposed that fact, and even now, Snitchler added that the rest of H.B. 6 should be taken up by the Legislature and resolved. However, the national trade association did call the current moves a win for fair market competition and consumer choice.

H.B. 128 was sponsored by state Reps. Jim Hoops (R-Napoleon) and Dick Stein (R-Norwalk)

April 6, 2021 - Posted by Christina Macpherson | business and costs, Legal, USA