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Federal authorities to make Ohio public corruption announcement this morning
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FirstEnergy scandal: FirstEnergy charged in bribery scheme
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Ohio consumer watchdog asks regulators to revisit coal plant bailouts
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Republican-led effort singles out wind and solar power for local control
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COLUMBUS – At a time when many coal-fired plants are closing, Ohioans are paying for two coal plants on their electric bills, and one isn t even located in the state.
The reasons why Ohioans are subsidizing the Piketon-based Ohio Valley Electric Corp. (OVEC) plants are complicated and, of course, political. The plants were built to power America s push for nuclear weapons during the Cold War. But that role was short-lived, and opponents say the plants have outlived their usefulness.
The OVEC plants became a bargaining chip in the heated House Bill 6 fight to bail out two nuclear plants in northern Ohio then owned by FirstEnergy Solutions. With much of the attention on the $1 billion nuclear bailout, lawmakers extended monthly fees on Ohioans electric bills for the two coal plants through 2030.