Nuclear power is the big winner in a new comprehensive energy bill moving through the State Legislature in Ohio.
"The Ohio House has dramatically changed the comprehensive energy bill that would bailout the state’s nuclear power plants and repeal alternative energy mandates," reports Andy Chow.
"Under the changes neither wind nor solar power can qualify for the so-called 'Clean Air Credits,'" which leaves only nuclear power as the beneficiary of the bill from an industry standpoint.
Ratepayer, however, will also pay less to cover the costs of the subsidies. "The charge to residential ratepayers was cut from $2.50 to $1 a month. Taking the pot of money for credits from $300 million to about $190 million," according to Chow.
FULL STORY: House GOP Writes Wind, Solar Out Of "Clean Air" Energy Bill
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