FirstEnergy’s plan to get Ohio ratepayers to subsidize its nuclear fleet was finally introduced this week. The proposed legislation would require Ohio ratepayers to pay an additional $17 per MWH for FirstEnergy’s nuke plants – including plants outside of Ohio! These subsidies would continue for 16 years.
The legislation further states that this increase would be capped at 5% of a customer’s bill. However, anything over 5% would be booked as a regulatory deferral and collected later with interest!
A summary and analysis can be found here.