Committee Adjourns On Eve Of Deadline To Repeal Bailout Law

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COLUMBUS, Ohio (AP) — The Ohio House committee set up to determine the fate of the law now tainted by a $60 million federal bribery investigation adjourned for the coming weeks with no immediate plans for repeal in place.

FirstEnergy Corp.'s Davis-Besse Nuclear Power Station in Oak Harbor, Ohio.
FILE – In this April 4, 2017, file photo, is the then-FirstEnergy Corp.’s Davis-Besse Nuclear Power Station in Oak Harbor, Ohio. [AP Photo | Ron Schwane, File]
Lawmakers left Wednesday’s hearing of the House Select Committee on Energy Policy and Oversight with no projected timeline of repealing or replacing the bailout legislation.

The law will add a fee to every electricity bill in the state starting Jan. 1, and direct over $150 million a year, through 2026, to two Ohio nuclear plants.

Lawmakers had until Thursday to repeal the law in order to avoid the fees that will begin to come out of 90% of the state’s electric consumers.