HB 6 coal plant charges mount again in Ohio as the costs for the plants could climb to roughly $800 million by 2030
Ohio ratepayers will again shell out money for two 1950s-era coal plants next month, following a year of cents-per-month credits. Meanwhile, regulators have yet to rule on years-old challenges to millions of dollars of spending for the plants.
The provision, in the form of a bill rider, has generated a credit for customers over the past year because of a short-term shift in economic conditions as global prices rose for natural gas and coal. Utilities say that shows the rider provides a hedge against high energy prices. “Under the status quo, these plants were losing money for years and years and years, to the point where the utilities tried to fundamentally change the regulatory regime in the state to get to the point where they could just break even from their bad investments,” said Neil Waggoner, the Sierra Club’s federal deputy director for energy campaigns.
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