Fee Increase to Fund Nuclear Plant Bailout Would be Phased In Under New Proposal
A House panel has recommended changes to a bill that would ultimately change the rates on everyone’s electric bills. The energy bill has the potential to bail out the state’s struggling nuclear plants while repealing Ohio’s green energy standards.
Republican lawmakers are looking to draw out some of the big changes proposed in the energy bill.
The legislation originally proposed charging residential ratepayers $2.50 on their monthly electric bill to support subsidies, most of which would go to nuclear plants.
It would also wipe out charges incurred through renewable and energy efficiency standards.
The revised language, proposed in a subcommittee, would charge ratepayers 50-cents for the first year, continue the energy efficiency costs until the end of 2020, then raise that rate to $2.50 in 2021.
The bill with the recommended changes could get a vote in a House committee later this month.