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
- September 23, 2024
-
Court Should Deny Shadow Docket Requests to Block Methane Pollution Limits
September 20, 2024 -
CFTC Guidance will Strengthen Voluntary Carbon Credits
September 20, 2024 -
Navajo Nation takes significant action to cut methane, assert tribal sovereignty
September 19, 2024 -
Houston-area High School Students Selected as Winners in Environmental Defense Fund Video Contest
September 16, 2024 -
New Bill Would Help Congress Better Understand Legislation’s Climate Impacts
September 12, 2024