FirstEnergy and its allies, seeking nuclear plant bailout, have spent millions on influence campaign
COLUMBUS — "FirstEnergy’s efforts to try to get Ohio politicians to rescue its troubled nuclear power business haven’t come cheap.
Since 2017, FirstEnergy and its allies have spent millions on campaign contributions to Ohio politicians, as well as on lobbying, public relations and advertising, state and federal records show. The time period covers multiple attempts to subsidize the Davis-Besse nuclear plant near Toledo and the Perry nuclear plant, near Cleveland, including a new iteration, a “clean air” bill Republican state lawmakers rolled out on Friday.
Nailing down an exact number is difficult. But the spending can be tracked through two main sources:
· State and federal campaign-finance filings, which detail campaign contributions from FirstEnergy and its allies.
· Filings in the ongoing bankruptcy proceedings for FirstEnergy Solutions, a former subsidiary which FirstEnergy spun off last year as it works to exit the power-plant business. FirstEnergy Solutions now owns the plants, part of a corporate restructuring plan that’s currently before a federal bankruptcy judge in Akron for approval.
Some of that campaigning showed itself on Friday, when state lawmakers rolled out House Bill 6, which would tack new fees onto every electric bill in Ohio, raising $300 million for “clean energy” — including $150 million for the Davis-Besse and Perry plants — while eliminating different charges that fund renewable energy projects. Backers of the plan bill it as a way to fund clean energy and protect jobs, while downplaying the legislation’s origins as a way to rescue the nuclear plants, which together have about 1,400 full-time employees."
— Andrew Tobias, Cleveland Plain Dealer
Ohio’s Electric Consumers Should Not Subsidize the Status Quo
The following statement is attributed to Rachael Belz, Director, Ohio Consumers Power Alliance:
The mission of the Ohio Consumers Power Alliance is to educate and mobilize our state’s energy consumers around opportunities to diversify Ohio’s energy portfolio and keep rates low. Today, lawmakers provided us with our first test.
The legislation is a creative approach used to blatantly disguise a consumer-funded bailout of two old, uneconomical nuclear plants as a comprehensive energy policy. Every ratepayer in Ohio would be charged a monthly fee to subsidize more of the same. The legislation effectively repeals the state’s renewable energy and energy efficiency standards, tying the hands of new technology companies that have been creating jobs without saddling consumers with added charges.
Our members remain staunchly opposed to rewarding FirstEnergy’s bad business decisions by allowing them to dig deep into the pockets of Ohio ratepayers to cover the bill with no end in sight. We also remain deeply disappointed in our leaders for continuing to reject energy innovation and job growth while keeping Ohio firmly planted in the dark ages of the status quo.
COLUMBUS — "Ohio consumers would pay $300 million through new fees in their electric bills to create a new pot of state money — more than half of which could go to bailout two nuclear power plants along Lake Erie.
At a Friday press conference, Ohio House Speaker Larry Householder, R-Glenford, detailed legislation he is pushing to eliminate surcharges electricity customers currently pay for energy efficiency, peak demand and renewable energy, which he says aren’t accomplishing goals.
...FirstEnergy Solutions and its allies have been looking for a bailout to keep open the plants, which generate about 18.3 million megawatts of zero carbon emission power each year.
Householder’s energy bill, which will be assigned to a committee next week, was immediately met with criticism from the Ohio Environmental Council Action Fund, Sierra Club, National Wildlife Federation and Ohio Consumers Power Alliance as a consumer-funded bailout of aging nuclear power plants that does little to promote renewable energy from wind and solar.
'The entire intent of this bill is to bailout the two nuclear power plants,' said Tracy Sabetta, a consultant to Ohio Consumers Power Alliance. Under the legislation language, no existing solar farm in Ohio would qualify for grants under the new program, she said."
— Laura A. Bischoff, Dayton Daily News
TOLEDO — "It’s back to the drawing board for FirstEnergy Corp. and its subsidiary, FirstEnergy Solutions, now that a federal bankruptcy judge has struck down an important part of the utility company’s proposed restructuring plan.
The plan attempted to free the parent company of liability for mounting losses for the division of the firm that controls FirstEnergy’s unprofitable coal-fired and nuclear power plants in Ohio and Pennsylvania, including the Davis-Besse nuclear plant in Ottawa County.
FirstEnergy Solutions, which has been assigned to take on the debt and operations of those plants, responded by saying it expects to submit a revised disclosure statement for its reorganization plan. The filing will be with the U.S. Bankruptcy Court in Akron overseeing its Chapter 11 restructuring."
— Tom Henry, Toledo Blade
The draft legislation would create a new surcharge, with proceeds distributed to power plants that “make a significant contribution toward minimizing emissions.”
COLUMBUS -- "Legislation to subsidize two FirstEnergy Solutions nuclear power plants in Ohio is about to surface in the Ohio House.
Republican majority leaders have been circulating a proposal that would add up to $300 million annually to electric bills across the state, creating a state 'clean air program' with grants administered by political appointees.
About $180 million would be earmarked for the FirstEnergy Solutions nuclear power plants, say analysts who have looked at the legislation. The remaining $120 million could be used to prop up other companies — though it appears those companies would not be owners of wind and solar farms.
The draft legislation, obtained by the Energy News Network, would add a $2.50 per month surcharge to every residential customer’s bill, a $20 per month surcharge to every commercial customer’s bill and a $250 monthly charge to every industrial customer’s bill."
-- John Funk, Energy News Network