Opponents to nuclear/coal bailout in OH clear initial ballot referendum hurdle
See the Cleveland Plain Dealer coverage: Proposed anti-House Bill 6 (HB6) referendum clears initial hurdle
See AG Yost Letter certifying language
Nuclear Costs
Estimates for new reactor construction costs continue to sky-rocket. Conservative estimates range between $6 and $12 billion per reactor but Standard & Poor's predicts a continued rise. The nuclear power industry is lobbying for heavy federal subsidization including unlimited loan guarantees but the Congressional Budget Office predicts the risk of default will be well over 50 percent, leaving taxpayers to foot the bill. Beyond Nuclear opposes taxpayer and ratepayer subsidies for the nuclear energy industry.
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See the Cleveland Plain Dealer coverage: Proposed anti-House Bill 6 (HB6) referendum clears initial hurdle
See AG Yost Letter certifying language
OHIO: A public records request reveals FirstEnergy Solutions is behind a tax argument being advanced by a law firm seeking to block a referendum on a recent bill granting subsidies to nuclear and coal plants. (Energy News Network)
ALSO: A new group backing the nuclear and coal subsidies launches a $1 million advertising campaign attempting to thwart a referendum on the bill that the group claims is backed by the Chinese government. (Cleveland Plain Dealer)
UTILITIES: FirstEnergy Solutions tells a bankruptcy court that it won’t honor existing union contracts, which means power plant workers who helped lobby for the recent Ohio bailout bill could lose traditional pensions if a judge agrees to the utility’s restructuring plan. (Utility Dive)