subsidy
House Republicans propose free loans, tax breaks for new gas pipelines
Two state House Republicans proposed legislation to give some natural gas pipeline developers state-funded tax breaks and interest-free loans, while allowing them to add a surcharge to ratepayers’ monthly bills. Reps. Jay Edwards, of Nelsonville, and Jon Cross, of Kenton, proposed House Bill 685 to aid communities that they say lose out on economic gains […]
Coal plant subsidies from pay-for-play legislation have cost Ohioans $173 million
Ohioans have paid $173 million to cover the losses of three Ohio utility companies’ investments in two coal-fired power plants since 2020, thanks in part to a recent law that’s now in the center of a criminal public corruption investigation. By year’s end, the tab since Jan. 1, 2020 on the Clifty Creek coal plant […]
Coal plants’ owners fight to protect ‘worst of the bad subsidies’
Subsidy? What subsidy? Three Ohio utilities and a representative of the coal-fired power plants they jointly own appeared before a Senate committee Tuesday to defend an estimated $700 million subsidy they’re set to receive from ratepayers through 2030. The committee met to consider a bipartisan effort to repeal the subsidy, which was codified in 2019 […]
State Senate mulls repeal of $700m bailout to coal plants in Ohio, Indiana
An Ohio Senate committee is considering the repeal of an estimated $700 million ratepayer-funded bailout extended to two coal-fired power plants in legislation now at the center of a criminal prosecution. Senate Bill 117, which received its second hearing Wednesday, would not only end the subsidies of Ohio Valley Electric Corporation power plants, but refund […]