Davis-Besse Nuclear Power Station in Oak Harbor - Saved
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Author:  KingCobra [ Wed Jul 24, 2019 7:15 am ]
Post subject:  Davis-Besse Nuclear Power Station in Oak Harbor - Saved

TOLEDO, Ohio -- A roughly $1 billion financial rescue for Ohio's two nuclear power plants is on the way after lawmakers and the governor signed off on a plan Tuesday that will add a new fee to every electricity bill in the state.

Backed mostly by Republicans, the legislation will hand over $150 million a year through 2026 to the plants near Cleveland and Toledo to keep them operating. It also will scale back and eventually end requirements that utilities generate more power from wind and solar.

President Donald Trump's administration has pledged to boost the nuclear and coal industries, which have been sagging against the competition from cheaper energy sources.

New York, New Jersey and Illinois also have responded by giving out billion-dollar bailouts funded by ratepayers to stop unprofitable nuclear plants from closing prematurely.

But other states, such as Pennsylvania, have refused to go along, triggering the planned shutdown of the Three Mile Island plant beginning this summer.

The two Ohio nuclear plants -- Davis-Besse near Toledo and the Perry plant near Cleveland -- sit along Lake Erie and produce about 15% of the state's electricity.

Lawmakers in the Ohio House approved the proposal after months of debate and despite opposition from the natural gas and manufacturing industries.

Gov. Mike DeWine quickly signed the legislation just hours later.


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