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Court turns down bid to block vote on nuclear plant rescue
Court Updates |
2019/11/27 00:29
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The Ohio Supreme Court rejected a lawsuit attempting to block a proposed statewide vote that aims to overturn a financial rescue for Ohio's two nuclear plants, according to a decision issued Wednesday.
The plants' owner, FirstEnergy Solutions, had argued that the financial rescue approved by state lawmakers in July can't be overturned by voters because it amounts to a tax. The company had said the Ohio Constitution prohibits tax levies from being overturned by voters.
While the decision is a win for opponents of the $1.5 billion rescue package for the nuclear plants and two coal-fired plants, they're still waiting to hear whether the courts will give them additional time to collect signatures needed for a statewide vote.
Investors and developers in the state's natural gas industry, along with backers of green energy, have led the fight against the nuclear plant rescue, which adds a new fee on every electricity bill in the state and scales back requirements that utilities generate more power from wind and solar.
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