The OMA’s energy experts, Runnerstone LLC, recently published a memo detailing the costs that Ohioans are paying to subsidize the uneconomic OVEC coal-fired power plants. By the end of the year, Ohioans are set to have paid nearly $600 million in total subsidies to OVEC’s utility owners since 2017, including nearly $200 million this year alone.

Based on historical and predicted future electricity prices, it is estimated that Ohioans could subsidize OVEC’s utility owners over $1 billion total by 2030, all of which directly profits utility shareholders. 7/23/2024