Ohio's Republican-controlled House of Representatives will likely pass a bi...
- Ohio’s Republican-controlled House of Representatives will likely pass a bill on Tuesday to create subsidies to avoid the early shutdown of the state’s two nuclear power reactors, according to analysts and those watching the legislation.
FirstEnergy Solutions is a bankrupt unit of Ohio power company FirstEnergy Corp. FirstEnergy Solutions said shutting the reactors could result in the loss of 4,300 jobs. The bill comes nearly a month after FirstEnergy Solutions’ original June 30 deadline to purchase fuel for the spring 2020 refueling of the Davis-Besse plant.
The Senate version of the bill would provide an overall reduction in consumer power rates by weakening the state’s renewable and energy efficiency goals even though FirstEnergy Solutions would receive an estimated $150 million a year during the 2021-2027 period to keep its reactors in service.
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