One of Ohio鈥檚 largest electric companies, AEP, is weighing in on the bill that would create credits for energy sources that do not produce carbon emissions while also eliminating an existing fee on ratepayers.
The proposed legislation would likely bailout the state鈥檚 two nuclear plants while also tossing out the requirements that utility companies invest in renewable energy and energy efficiency.
AEP鈥檚 Tom Froehle says his company has spent years following these standards and urges that the energy bill honor their current contracts and programs, which he says have saved customers $1 billion.
From there, Froehle says AEP likes the bill.
鈥淚f done right, the bill will go down some but the benefit is that you鈥檙e finally getting investment in Ohio in clean air,鈥� says Froehle.
New fees in the legislation would create a $300 million fund from 鈥� more than half would go to the nuclear plants, with the rest to renewable sources.
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