Defying all laws of competitive economics, climate change, and technological progress, the state House has voted in a ratepayer-funded bailout for two aging nuclear power plants.
efying all laws of competitive economics, climate change, and technological progress, the Ohio House has voted in a ratepayer-funded bailout for two aging nuclear power plants on Lake Erie, and two even older coal burners, one in Indiana, but owned by the Ohio Valley Electric Corporation, based in Piketon. According to Politico, a senior adviser to the Trump reelection campaign, Bob Paduchik, pressured at least five members of the Ohio House of Representatives to vote “yes” on the bill.
If it passes Ohio’s Senate next week, the astonishing multi-billion-dollar public handout will guarantee the Buckeye State a prime spot in the new millennium’s can’t-compete Rust Belt rumble seat for decades to come.