Committee Adjourns On Eve Of Deadline To Repeal Bailout Law< < Back to
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.
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.