New PJM report demonstrates potential costs of FirstEnergy nuclear bailout

A new study shows that Ohio House Bill 6, which subsidizes FirstEnergy Solutions’ two Ohio nuclear plants, could cost Ohio ratepayers even more than the hundreds of millions of dollars in direct charges proposed to prop up the nuclear plants and two older coal plants. The analysis from grid operator PJM concludes that keeping FirstEnergy’s nuclear plants open could, in addition, cost ratepayers as much as $16 million per year in lost savings by discouraging cheaper gas generation from coming online. Read the full story.