Even amid lower overall electricity consumption due to Covid-19 mitigation efforts, natural gas-fired power generation grew 55,000 GWh year/year through the first half of 2020, according to the Energy Information Administration (EIA). Comparing the first six months of 2019 to the first six months of 2020, natural gas was the fastest growing source of electric…
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Ohio Speaker, Others Tied to Bribery Scheme for Nuclear Power Bailout Opposed by Natural Gas, Oil Industry
Ohio Speaker of the House Larry Householder was arrested Tuesday and charged in a federal racketeering conspiracy for his alleged role in helping to pass legislation last year to provide subsidies for two nuclear power plants operated by FirstEnergy Corp. subsidiaries. An 80-page criminal complaint filed by the U.S. Attorney’s Office for the Southern District…
The Ohio Supreme Court provided a glimmer of hope last week for opponents of state House Bill (HB) 6, which mandates $150 million in annual subsidies over seven years for two nuclear power plants in the state, and is therefore seen as a threat to natural gas-fired power generation.
The Ohio Supreme Court provided a glimmer of hope on Tuesday for opponents of state House Bill (HB) 6, which mandates $150 million in annual subsidies over seven years for two nuclear power plants in the state.
Construction of what would be one of Ohio’s largest natural gas-fired power plants has started in the heart of the Utica Shale, despite nuclear power subsidies set to take effect next year that have derailed other projects.
Despite strong opposition from the natural gas industry, environmental groups and others, the Republican-controlled Ohio legislature on Tuesday passed a bill to subsidize two nuclear power plants operated by bankrupt subsidiaries of FirstEnergy Corp.
The Ohio Senate has passed a bill to prop up two nuclear power plants in the state operated by bankrupt subsidiaries of FirstEnergy Corp.
Although a record amount of new liquefied natural gas (LNG) capacity coming online is expected to keep global gas prices in a lull through 2020, there is an abundance of appetite to warrant the sanctions of some of the 19 million metric tons of LNG awaiting final investment decision (FID), according to Wood Mackenzie.
The Ohio House of Representatives has passed a bill to subsidize the state’s two nuclear power plants in a move decried by the natural gas industry, which has staunchly opposed out-of-market assistance for the reactors operated by bankrupt FirstEnergy Corp. subsidiaries.
Yet another state will support nuclear power plants with subsidies as New Jersey regulators last week officially approved a zero emissions credit (ZEC) program that both gas-fired generators and environmental groups had fought.