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RIGHT NOW, PUCO Chair Sam Randazzo is testifying in front of the House on #RepealHB6
Big part of HB6 is the expanded bailout of the OVEC coal plants. I was curious on how Randazzo might feel about the bailouts and remembered OH YEAH! HE'S TESTIFIED ON JUST THAT!
Stick with me
Big part of HB6 is the expanded bailout of the OVEC coal plants. I was curious on how Randazzo might feel about the bailouts and remembered OH YEAH! HE'S TESTIFIED ON JUST THAT!
Stick with me
Reminder, the OVEC coal plants are two, uneconomic 1950s coal plants; Kyger Creek in Ohio and Clifty Creek in Indiana. The plants have been losing money for years. They're also ridden so instead of closing them, utilities have sought bailouts to recoup those costs #RepealHB6
Before HB6, in 2017, the legislature debated SB155, a bill to bail out the OVEC plants.
Randazzo, then counsel/lobbyist for the Industrial Energy Users offered the linked testimony on that bailout.
Here are some of the highlights from it. #RepealHB6 https://drive.google.com/file/d/10GpKWg06-UqXMqlPR3SGl9aeH7dR8X10/view?usp=sharing
Randazzo, then counsel/lobbyist for the Industrial Energy Users offered the linked testimony on that bailout.
Here are some of the highlights from it. #RepealHB6 https://drive.google.com/file/d/10GpKWg06-UqXMqlPR3SGl9aeH7dR8X10/view?usp=sharing
At the time, some legislators claimed OVEC was a "national security interest." That nonsense claim came up again during HB6 as well.
Randazzo agreed that claim didn't hold up and OVEC had no national security aspect for YEARS.
#RepealHB6
Randazzo agreed that claim didn't hold up and OVEC had no national security aspect for YEARS.
#RepealHB6
Ohio sponsor utilities have routinely claimed they're stuck with the OVEC plants, they have no choice but to stick with it even though it's losing money! This was used as a primary argument for extending the bailout in HB6.
Well, Sam, what do you say?
#RepealHB6
Well, Sam, what do you say?
#RepealHB6
Supporters of the OVEC bailout, including Rep Bill Seitz, during the HB6 debate tried to use fuzzy math to claim Ohio customers would somehow not pay for the Indiana OVEC Plant, Clifty Creek.
Randazzo made it clear in 2017 that fuzzy math doesn't add up
#RepealHB6
Randazzo made it clear in 2017 that fuzzy math doesn't add up
#RepealHB6
So, who was responsible for OVEC losing money?
Randazzo was clear; it was the market. The plants just can't compete anymore.
Of course, because he's a long time opponent of renewables, he also took a shot at them. So, a bit confusing here.
#RepealHB6
Randazzo was clear; it was the market. The plants just can't compete anymore.
Of course, because he's a long time opponent of renewables, he also took a shot at them. So, a bit confusing here.
#RepealHB6
The OVEC plants are a bad investment. Arguments supporters of HB6 used to justify this coal plant bailout never held up. Now, Ohioans are on the hook to pay for them till 2030. This will cost Ohioans hundreds of millions
Sam, I'll let you have the final comment here.
#RepealHB6
Sam, I'll let you have the final comment here.
#RepealHB6
