American Petroleum Institute Ohio expresses concerns over nuclear subsidies

American Petroleum Institute (API) Ohio recently expressed concerns over nuclear subsidies in the energy market, such as those proposed in House Bill 178, in a press call and in testimony before the Ohio House Public Utilities Committee.

“Instead of providing bailouts to uneconomic nuclear power plants, we should let the energy markets work to protect consumers,” API Ohio Executive Director Chris Zeigler said. “The fact is H.B. 178 would raise significant costs to consumers throughout the state. Moving forward, it’s important to embrace the U.S. energy renaissance that has brought benefits to consumers throughout Ohio and not hurt it by picking winners and losers in the energy markets.”

API Chief Economist Erica Bowman testified before the Ohio House Public Utilities Committee in opposition to the recently introduced HB 178.

“We believe consumers benefit most when markets are allowed to flourish without mandates, riders and special treatment by lawmakers and regulators,” Bowman said. “H.B. 178 would skew the energy markets by propping up uncompetitive nuclear generation, increase costs for ratepayers, and deny Ohioans the economic and environmental benefits of natural gas.”