Nearly a year ago, state lawmakers approved House Bill 6 to provide guaranteed income — a bailout — to Ohio’s two nuclear power plants. The OMA opposed the measure due to its harmful economic impact on manufacturers, including the following provisions:

• $150 million a year in new subsidies for nuclear power from 2021 through 2026;
• An extension of subsidies for legacy, uneconomic coal plants in Indiana and Ohio, which will cost Ohioans tens of millions of dollars each year through 2030;
• $20 million a year for select solar power projects from 2021 through 2026; and
• Likely removes significant portions of Ohio generation and consumer load from competitive wholesale capacity auctions.

Other key reasons the OMA opposed HB 6 are in this memo documenting its impact on manufacturers. 7/24/2020