Ohio Protects Customers, Puts the Brakes on FirstEnergy’s Nuclear Bailout
EDF statement from Dick Munson, Director, Midwest Clean Energy
(COLUMBUS) The Ohio House’s Public Utilities Committee yesterday suspended further hearings on FirstEnergy’s nuclear subsidy proposal. The Ohio-based utility has been seeking a $5.25 billion bailout for its two nuclear reactors, which have been struggling to compete in the state’s competitive electricity market. Environmental Defense Fund has long opposed subsidies for FirstEnergy’s uneconomic power plants, but has supported comprehensive packages that advance investment and innovation in a clean-energy future.
“Hats off to the Ohio House’s Public Utilities Committee for stopping the hearings on FirstEnergy’s nuclear bailout plea, the latest in a long line of attempts to force Ohioans to pay for the utility’s mistakes. The decision reflects the growing, diverse coalition that is challenging unnecessary subsidies to FirstEnergy, which would raise electricity rates and hurt the state’s economy. We hope Ohio policymakers will instead focus on spurring investment and innovation in reliable, efficient, and clean energy markets.”
- Dick Munson, Director, Midwest Clean Energy
One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund
Media Contact
Latest press releases
-
GOP House Appropriators Are on the Wrong Track
July 26, 2024 -
Energy Permitting Reform Must Advance Climate Progress and Community Safeguards
July 26, 2024 -
EDF Heads to Court to Defend EPA Action to Identify Climate Pollution, Including Methane from Landfills
July 24, 2024 -
New DOE Transmission Grants Will Deliver Reliable Power, Lower Costs and Jobs to Communities
July 24, 2024 -
New analysis: If Duke Energy’s gas plant ambitions are approved, the average residential customer could pay nearly $2,100 more on power bills through 2038
July 23, 2024 -
President Biden’s Vital Climate Leadership “Delivered Real, Positive Benefits for Everyone”
July 21, 2024