PUCO opposes U.S. Energy Secretary’s proposed subsidies for coal-fired and nuclear plants

Ohio utility regulators “have come out against” U.S. Energy Secretary Rick Perry’s proposal to subsidize nuclear and coal-fired power plants, saying that plan would cost the state’s electricity consumers billions, The Columbus Dispatch reports. Sec. Perry’s proposal “would create incentives for power plants that have their fuel on site, which would cover coal and nuclear but not other major fuels, such as natural gas and most renewables,” according to the article. Perry said, “[a] reliable and resilient electrical grid is critical not only to our national and economic security, but also to the everyday lives of American families.” The Public Utilities Commission of Ohio (PUCO) estimated the subsidies would cost $8.1 billion; PUCO issued a formal response saying it is “deeply concerned” about that high cost to consumers. For more, read the full article

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