COLUMBUS—State Senator John Eklund (R-Munson Township) released the following statement after the Ohio House of Representatives passed Substitute House Bill 6, a comprehensive energy package that will save the local nuclear plant, while also lowering costs for ratepayers across Ohio:
¿“I am pleased to report that the Ohio House has just concurred in the Senate amendments to House Bill 6, a bill designed to keep Ohio’s nuclear power plants open, generating emissions-free energy, employing thousands, and supporting Ohio communities. I’ve championed this cause for over two years, and, thanks to the efforts of many, it is on its way to Governor DeWine's desk for signing.
The bill will lower Ohioans’ utility bills by hundreds of millions of dollars over the next several years, and contains important accountability terms to protect rate-payer dollars. Many thanks to Senate President Larry Obhof, Speaker Larry Householder, Representative Jamie Callender and so many others for their support."
Major details of the legislation include:
Reducing Rates for Customers: Because of the legislation, from 2021 through 2027, Ohio ratepayers will annually pay $137 million less for electricity. This will reduce a residential ratepayer's electricity bill by about $2.82 per month. In total, over those seven years, the overall electric bills of Ohio ratepayers will be reduced by over $961 million.
Saving the Nuclear Plants: Contingent on annual management and financial reviews, Ohio's qualifying nuclear plants will receive $150 million to continue operating in Ohio until 2027. Under certain circumstances, the State will be able to reduce or stop those payments before 2027.
Boosting Solar Power Development: In order to help encourage a diversified energy portfolio in this state, the bill separately allocates $20 million per year to use in the development of solar energy.