Ohio nuclear plant subsidy bill not advancing

FistEnergy has been saying the plants can't compete with cheaper natural gas plants in the current market

Content Dam Elp Online Articles 2017 07 Nuclear Power Plant July 31 Elp

COLUMBUS, Ohio (AP) — A state lawmaker says there are no plans to hold more hearings on a proposal to increase electrical bills to help keep Ohio's two nuclear power plants operating.

Akron-based FirstEnergy Corp. has been pushing for the financial rescue that it says is needed to keep the Davis-Besse nuclear plant near Toledo and the Perry plant near Cleveland operating.

The legislation would give FirstEnergy's plants an extra $180 million a year.

Republican Sen. Bill Beagle leads the Senate's Public Utilities Committee. He says he doesn't anticipate taking up a vote on the plan.

A FirstEnergy executive said earlier this week that the plants will likely close without a financial rescue.

The company has been saying the plants can't compete with cheaper natural gas plants in the current market.

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