Fiscal fallout: nuclear’s volatile future in Ohio

Date:

Nuclear power companies face financial meltdown. The president is championing a plan to save them. But, while that policy remains in development, Ohio communities that rely on reactors for good jobs and clean power are left in a volatile predicament.

Rep. Marcy Kaptur (D-Ohio) sees massive fallout potential in her district if plans to shutter reactors in Ohio come to pass. “For me, just to let these plants shut their doors, isn’t a very responsible solution,” she said, “there are serious national security issues, there are serious human transition issues here.”

Kaptur said shutdowns would cost Ohio communities hundreds of high-paying jobs and tens of millions of dollars in tax revenue. Those taxes pay for a big chunk of education costs in places like Ottawa county.

She also said nuclear plant shutdowns jeopardize the nation’s energy and defense security. Kaptur argues nuclear provides a stable power supply, and having plants online helps.

First Energy – which runs the Davis Besse and Perry plants in Ohio – filed for bankruptcy a couple of months ago, struggling to survive on rates pegged to historically low natural gas prices.

Read full article here.

Kyle Midura – KMVT – June 6, 2018.

Want More Investigative Content?

Curate RegWatch
Curate RegWatchhttps://regulatorwatch.com
In addition to our original coverage, RegWatch curates top stories on issues and impacts arising from the regulation of economic, social and environmental activity in Canada and the U.S.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE VAPING

Industry Plot? | FDA Commissioner Denigrates Tobacco Harm Reduction | RegWatch

Does the regulator responsible for overseeing tobacco products in the U.S. believe in the practice of tobacco harm reduction? According to FDA Commissioner Robert...