Dark Money Is Pouring in to Protect the “Worst Energy Policy in the Country”
In Ohio, the fight over a nuclear and coal bailout is getting weirder by the day.
This quote, however, needs to be rebutted:
All told, “there’s more money in the Ohio law to bail out dirty old coal plants than to support carbon-free nuclear power,” Stokes [a University of CA-Santa Barbara professor] says.
First of all, nuclear power is not carbon-free.
But Stokes' assertion that HB6 bails out coal plants more than nuclear plants is also not correct. Most of the bailout goes to nuclear plants, actually. $150 million of the $170 million per year bailout goes to two atomic reactors. Altogether, after six years of such bailouts, $900 million would have gone to the two reactors, out of the total $1.1 billion associated with the HB6 bailout. In addition to two coal plants (one of which is in Indiana, not Ohio!), some funds would go towards already-approved solar projects, most located in southern OH. But the clean energy subsidies to solar are dwarfed by the dirty energy subsidies to nuclear and coal.