Ohio is the latest state to propose a bailout for nuclear power plants with a $300 million zero-carbon incentive bill introduced April 12.
State House Speaker Larry Householder (R) said House Bill 6 would encourage in-state power generation, reduced carbon emissions, and greater industrial job creation through a hefty zero-carbon incentive. For every megawatt of zero-carbon energy produced in Ohio, the generating facility would receive $9.25.
The measure could be a boon for two struggling reactors operated in the state by bankrupt FirstEnergy Solutions Corp., and for Ohio’s clean energy sector. Householder said FirstEnergy Solutions currently produces...
For more stories, analysis and expertiseOR Request Trial
(Updated with more reporting throughout. )