Maverick Trader Reveals 97% Accurate System

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Lawmakers pass energy bill ending Ohio ratepayer charges that subsidize two unprofitable coal plants

JULIE CARR SMYTH
April 30, 2025

COLUMBUS, Ohio (AP) -- After years of attempts, Ohio lawmakers voted Wednesday to end the subsidy for two unprofitable Cold War-era coal plants that had cost Ohio ratepayers nearly $400,000 a day, after they were tucked into the tainted energy bill at the center of the largest corruption scandal in state history.

House Bill 15 would put an immediate end to the "legacy generation rider" for the two Ohio Valley Electric Corp. plants contained in House Bill 6, which dates back to 2019. The provision was part of a larger overhaul intended to modernize Ohio energy policy.

The Ohio Senate passed its version of the legislation in a rare unanimous vote Wednesday, before sending it back to the Ohio House. The lower chamber approved Senate changes to the House version 94-2.

The bill goes next to Gov. Mike DeWine, whose office said he is reviewing the amended measure.

State Rep. Casey Weinstein, a Hudson Democrat, praised the measure's passage, calling the end of the "bailout" of the two coal two plants -- one in southern Ohio, one in Madison, Indiana, southwest of Cincinnati -- a huge win for consumers.

"It was an outrageous misuse of public funds -- sending hundreds of thousands of dollars a day to an aging coal plant in Indiana," he said in a statement. "Putting an end to that is a victory for ratepayers across the state."

The bill also requires utilities to routinely come in for rate cases and justify how they spend ratepayer-collected money; creates a permissive school energy efficiency loan program to reduce energy costs for public schools; and codifies that consumers must receive refunds for improper charges.

Ohio Manufacturing Association President Ryan Augsburger said repealing the uneconomical subsidies and other charges and creating energy "heat maps" that visually depict energy usage patterns will allow manufacturers to operate more efficiently.

"Ohio has an abundance of natural resources, a strong workforce, world-class educational institutions and now the foundation for a nationally leading energy industry," he said in a statement. "Now is the time for Ohio's energy system to pull ahead and attract new generation, bringing with it new economic investments."

The OVEC subsidy was a late addition to the measure passed Wednesday, which initially focused on a $1 billion bailout for two nuclear power plants owned by a then-subsidiary of Akron-based FirstEnergy Corp. It was to have been collected through Ohioans' electric bills through 2030.

The Legislature repealed the nuclear plant subsidy contained in the bill in 2021, months after then-Ohio House Speaker Larry Householder and four others were indicted for their roles in a $60 million bribery scheme secretly funded by FirstEnergy to win passage of the bailout bill.

But the coal plant subsidy has been tougher to eliminate.

The two plants were built in the 1950s to provide power to a uranium enrichment facility in Pike County, but the contract with the U.S. Department of Energy ended in 2003 and OVEC began selling power to the regional power grid. The rise of cheaper and abundant natural gas helped make the plants unprofitable.

The state's utility watchdog at one point said the coal plant subsidy was worse than the one for the nuclear plants, because it helped sustain plants whose electricity wasn't needed and that pollute the air.

Continue Reading...

Popular

Ryde Partners With Tencent Cloud For Enhanced In-App Interactions

Ryde Group Ltd. partners with Tencent Cloud to enhance its ride-hailing and carpooling platform in Southeast Asia, leveraging real-time communication technology and expanding into new services.

New Zealand Prime Minister Luxon talks trade in meeting with China's Xi

BEIJING (AP) — The prime minister of New Zealand stressed the importance of his country's in a meeting with Chinese leader Xi Jinping on Friday.

Trump's Trinity: How to Triple Bitcoin's Gains - Ad

Bitcoin just hit $100K. Trump pledged a U.S. Bitcoin Reserve. And his new crypto TRUMP boosted his net worth 9X in 48 hours. Together, this "Trump Trinity" could launch Bitcoin to $500K by the end of his term. But one little-known trade could triple Bitcoin's gains-faster, cheaper, and from any brokerage account.

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

The Next Palantir? Does This Under $5 AI Stock Have The Potential To Rise And Shine

This micro-cap AI stock is being increasingly touted as the next Palantir Technologies Inc. (NASDAQ: PLTR), but some analysts disagree with this framing.

Cloudflare To Raise $1.75 Billion In Note Offering For Expansion

Cloudflare, Inc. announced pricing of $1.75B convertible senior notes due 2030, option for additional $250M, and intends to use proceeds for corporate purposes.

Elon Just EMBARRASED NASA (But This Is So Much Worse) - Ad

This is unbelievable... FalconSpaceX just rescued two astronauts after NASA left them stranded in space for months. But even more shocking? Elon Musk is being granted access to NASA as part of his DOGE initiative - and he's poised to expose a decades-old Apollo mission secret they've kept buried.

First direct flight from US to Greenland since 2008 lands on Trump's birthday

NUUK, Greenland (AP) — The first direct flight from the U.S. to Greenland by an American airline landed in the capital city of Nuuk on Saturday.

Apple Has Plummeted A Stunning 45% Vs. Mag 7 Since 2022

Apple's stock has fallen 45% since its 2022 peak, lagging behind other Big Tech peers due to tariffs, market weakness, and lackluster iPhone sales.

A Trump Order Could Send This $7 Stock Soaring - Ad

An executive order from Trump could unleash a $1.2T robotics boom-impacting 65M lives and reshaping entire industries. And one $7 stock, already backed by Nvidia, FedEx, and Toyota, is perfectly positioned. The order could hit this August... or sooner.

Death toll in Indian plane crash climbs to 270 as search teams find more bodies

AHMEDABAD, India (AP) — Search and recovery teams continued scouring the site of one of India’s worst aviation disasters for a third day after the Air India flight fell from the sky and killed at least 270 people in Gujarat state, officials said Saturday.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Walz: Minnesota Lawmaker and Spouse Killed In 'Politically Motivated Assassination'

Minnesota Gov. Tim Walz (D) said Saturday morning that a Democratic state legislator and her husband were killed, and another lawmaker and his wife injured, in separate "targeted shootings" at their homes.

Global Gold Supply To Grow 1% In 2025, Report Shows

Global gold supply is expected to grow by 1% in 2025, according to Metal Focus. The precious metals consultancy is expecting this growth from fresh gains in mine production.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Ericsson, Supermicro Partner To Bring 5G-Powered AI To Factories, Retail And Hospitals

Ericsson and Super Micro announce strategic collaboration to accelerate Edge AI deployment. Super Micro stock down 45%, Ericsson up 38% in past year.

Trump Asks 'Everyone' To Immediately Evacuate Tehran, Odds Of US Striking Iran Spike On Crypto Betting Platform

President Donald Trump asked citizens of Tehran, Iran’s capital, to “immediately” evacuate the city on Monday, as cryptocurrency bettors increased the likelihood that the U.S. would join Israel in the war against the Middle Eastern country.

Judge Blocking DOGE From Revealing THIS FDA Secret? - Ad

Democrats just filed a lawsuit to bring DOGE to a halt-and an Obama-appointed judge looks ready to help. It may be a rigged move to stop DOGE from exposing the FDA's biggest secret-a threat to billions in profits and political donations. That's why we're going public now.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

China grants rare earth export permits after US trade talks, offers relief but uncertainty persists

OMAHA, Neb. (AP) — The high-level negotiations over China's export controls of rare earths is giving U.S. businesses some relief, even though it may be only for now.

Civil rights agency's acting chief to face questions on anti-DEI, transgender stances

WASHINGTON, D.C. (AP) — The acting chief of the country’s top agency for enforcing worker rights will face questions at a Senate committee hearing Wednesday over her efforts to while sidelining certain racial and gender discrimination cases and .

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

Purdue Pharma's $7B opioid settlement plan could get votes from victims and cities

OxyContin maker 's $7 billion-plus plan to settle thousands of lawsuits over will go before a judge Friday, potentially setting up votes on whether to accept it for local governments, people who became addicted to the drug and other groups.

Analysis: An outline is emerging of the US offer to Iran in their high-stakes nuclear negotiations

DUBAI, United Arab Emirates (AP) — The outline of the U.S. offer to Iran in is starting to become clearer — but whether any deal is on the horizon remains as cloudy as ever.

RFK Jr Prepping for Big Pharma BLIITZKRIEG? - Ad

RFK Jr just joined Trump's cabinet and wasted no time filing an executive order to overhaul American health. But what's coming next has Big Pharma terrified. RFK may expose their top secret-one that could save lives and cost them billions. That's why we're going public now.

Elon Musk's SpaceX Suffers Major Setback As Starship Rocket Explodes In Static Fire Test

SpaceX's Starship 36 rocket exploded during a pre-flight static fire test at Starbase. No injuries reported, incident under investigation.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Indonesian coal industry risking a tough transition as demand declines, report says

HANOI, Vietnam (AP) — Indonesia’s coal industry is facing mounting pressure and should diversify as China and India, its biggest customers, cut back on imports of the heavily polluting fossil fuel, according to a report from a Jakarta-based energy thinktank, Energy Shift.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Trump Family's Crypto 'Conflicts Of Interest' Are Coming In The Way Of Law Meant To Regulate Digital Assets, Says Gregory Meeks

The involvement of President Donald Trump’s family in the cryptocurrency industry was creating problems in the progression of a bill designed to regulate the sector, a senior Democratic legislator said on Wednesday.

Regional carrier Silver Airways says it's shutting down operations

HOLLYWOOD, Fla. (AP) — Regional carrier Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas and the Caribbean.

Trump's Trinity: How to Triple Bitcoin's Gains - Ad

Bitcoin just hit $100K. Trump pledged a U.S. Bitcoin Reserve. And his new crypto TRUMP boosted his net worth 9X in 48 hours. Together, this "Trump Trinity" could launch Bitcoin to $500K by the end of his term. But one little-known trade could triple Bitcoin's gains-faster, cheaper, and from any brokerage account.

Israeli Strikes Kill 9 Iranian Scientists, Continuing Mossad's Decade-Long Targeting of Nuclear Program

Nine of Iran's leading nuclear scientists have been killed in a pre-emptive Israeli airstrike. This incident adds to the series of successful operations by Israel aimed at Iran's nuclear experts.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service