HB 6 costs go well beyond claimed harm to public trust in Ohio

COLUMBUS -- "A bill to repeal Ohio’s nuclear bailout law has languished for more than a month so far, and signs suggest that House leadership may be angling to defer or stop such efforts as Election Day draws near. Lawmakers filed repeal bills soon after the arrest of former House Speaker Larry Householder and others in July. 

Starting in January, House Bill 6 will require ratepayers to pay approximately $1 billion over the course of six years for subsidies that FirstEnergy had sought for two Ohio nuclear plants. Yet more is at stake, even beyond the $7 average increase in monthly energy spending that some advocates forecast as a result of the law.

...the bill’s costs will also certainly play a part in the debates. 

'Hardworking Ohioans will see their monthly utility bill increase an additional $7.01,' on average, said Miranda Leppla, vice president of energy policy for the Ohio Environmental Council. Other projected costs include health burdens from pollution, lost jobs, and lost economic opportunities."

-- Kathianne M Kowalski, Midwest Energy News

read more for a breakdown of projections

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