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Ohio Senate approves amended $1B nuke subsidy bill
Utility Dive: HB 6 would annually funnel $150 million in new statewide customer charges to FirstEnergy Solutions (FES), a former subsidiary of Akron-based FirstEnergy Corp., to subsidize its two nuclear plants in northern Ohio.
The subsidy would amount to $1.1 billion through 2026. Opponents, who are not convinced that FES needs the money, have demanded independent audits be required. While the legislation does not require an annual outside audit, beginning in 2022, it would accept a retrospective “review” of operations based on an FES internal audit.
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