Subsidies for two coal fired power plants put into the 2019 law bailing out the state’s two nuclear plants will end for Ohio ratepayers next week. But as the repeal of those subsidies from House Bill 6 takes effect, the state’s utility watchdog for consumers and Ohio's manufacturers are calling on the Public Utilities Commission to audit the money paid to the plants operated by the Ohio Valley Electric Corporation over the last two years.
Ohioans paid $237 million in subsidies to the Ohio Valley Electric Corporation coal-fired plants in the last two years. The plants are in Gallia County and in Madison, Indiana. OVEC is a company owned by utilities, including American Electric Power, FirstEnergy and Duke Energy and some subsidiaries. The plants have lost hundreds of millions of dollars