TOLEDO, Ohio (AP) — Ohio has become the latest state to hand out a billion-dollar financial rescue for its nuclear power plants.
Republican Gov. Mike DeWine quickly signed the plan Tuesday hours after lawmakers approved giving $150 million a year to the plants near Cleveland and Toledo.
The legislation will tack a new fee onto every electricity bill in Ohio while scaling back requirements that utilities generate more power from wind and solar.
FirstEnergy Solutions had been warning the plants would close within two years unless the government steps in and helps.
Many of the nation’s nuclear plants are struggling to compete with cheaper energy sources.
New York, New Jersey, and Illinois are among states that have given out big bailouts to stop the power plants from closing.