FirstEnergy Issues $26M Refund to Ohio Ratepayers re Nuke Bribes

Last week, after months and months of dithering around, the Ohio legislature passed a bill that overturns and rescinds House Bill (HB) 6, legislation adopted in 2019 due to $61 million in bribes spread around by FirstEnergy (see Kicking & Screaming, OH Legislature Votes to Overturn HB 6 Nuke Bill). Gov. Mike DeWine signed the new bill overturning HB 6 into law last Wednesday. HB 6 created a new tax on all Ohio electric ratepayers to funnel $150 million per year (for seven years) into FirstEnergy’s coffers in order to prop up the company’s two economically failing nuclear power plants in the state. At least, that was the reason given. Last week FirstEnergy refunded $26 million in previously collected fees back to ratepayers.

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