Ohio’s nuclear revival plan is giving critics flashbacks to the massive HB 6 corruption scandal. (Cleveland.com)
A state House bill would let Ohio utilities build and own nuclear plants (again) under certain conditions. Its supporters claim that nuclear is too expensive and long-lived for private developers to finance it alone.
The safeguard pitch: Utilities would need to lock down long-term power contracts. Only after those contracts expire could costs flow to other customers—and only if regulators decide the plant’s power is at or below market prices. But to critics, it’s just the same old song in a new key.