The State of Ohio passed a bill to pay a nuclear power plant $150 million/year to keep operating. It was immediately signed by the Governor.

Yes, you read that right.

A new tax, $0.85/month on all residential customers from 2021 – 2027 is expected to generate $170 million/year.

In addition, this new law will drop the renewable requirements for utilities from 12.5% to 8.5% by 2026. But, after 2026 there is no further requirement. Yep- back to free markets.

This action is in sharp contrast to surrounding states that increased the renewable requirements for energy delivered to their residents.

Ohio chose to bail out a failing power plant at the expense of its future in renewable power.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.

Additional Information: https://www.dispatch.com/business/20190723/after-months-of-contentious-debate-ohio-nuclear-bailout-bill-becomes-law

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