August 4, 2020
EnerKnol’s Visual Primer – Ohio Nuclear Bailout Scandal Stirs Up Questions Over Ratepayer Subsidies for Aging Power Plants
The turmoil brings new uncertainty for nuclear power generators already facing tough competition from natural gas and renewables.
The debate over ratepayer subsidies for struggling nuclear power plants has resurfaced, following a racketeering investigation related to a controversial Ohio law, which created a $1 billion bailout for FirstEnergy Corp. last year. The economic troubles of the embroiled industry come to the fore even as states such as New Jersey and Illinois evaluate plans to opt out of the regional capacity market in response to reforms that expanded the minimum offer price rule to subsidized resources.