Bailout of 2 Ohio nuclear plants stalls in Statehouse
CLEVELAND (AP) — A proposed bailout for Ohio's two nuclear power plants that would lead to rate increases for FirstEnergy customers appears to be stalled in the Legislature.
One legislative committee considering the idea suspended testimony last month amid protests against the plan while another committee held its fourth hearing this week without taking a vote.
Much of the written testimony submitted to lawmakers opposes a plan that could lead to $300 million a year in new charges for FirstEnergy customers, The Plain Dealer (http://bit.ly/2sboxIU) reports.
FirstEnergy's average residential customer would pay about $5 more per month, while businesses and factories would see much larger increases if the Legislature approves the bailout.
Read more: http://www.lmtonline.com/news/article/Bailout-of-2-Ohio-nuclear-plants-stalling-at-11210342.php?ipid=hpbusiness
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