COLUMBUS—Rep. Sedrick Denson (D-Cincinnati) issued a statement this week on the passage of House Bill (HB) 128, legislation to repeal parts of HB 6 from the 133rd General Assembly (GA). HB 6 was a multi-billion dollar corporate bailout at the center of the largest alleged public racketeering and bribery scheme in Ohio history. Former Republican Speaker Larry Householder and several close associates were paid millions to pass HB 6 and stop a referendum on the law.
“HB 128 is a crucial first step towards restoring the faith Ohioans have in this legislative body. It gets rid of some extremely harmful language and puts money back into the pockets of Ohioans, where it belongs. I will continue to work with my colleagues on both sides of the aisle to repeal this harmful legislation. Though there is more work to be done, I am proud that we took a step in the right direction,” said Rep. Denson.
HB 128 would eliminate subsidies for the Ohio-based Energy Harbor nuclear plants and the associated ratepayer fees, and remove financial benefits that enabled FirstEnergy to implement a decoupling mechanism and earn significantly excessive profits. Additionally, the bill would keep $20 million a year in subsidies for previously approved solar projects, a Democratic priority.
Democrats, while supportive of the bill, said HB 128 is just the first step toward undoing the damage caused by HB 6, and renewed calls for a vote on the full repeal of the controversial law.
This week’s call for a full repeal is just the latest from House Democrats, who have urged on multiple occasions for the repeal of HB 6. They have also introduced a number of bills to repeal parts or all of the law.
Democrats offered multiple amendments on the floor Wednesday that they said would improve HB 128, including:
· Repealing remaining HB 6 provisions except for the subsidies for certain solar projects, and to reinstate state’s Renewable Energy Portfolio Standards and energy efficiency benchmarks that have saved consumers billions of dollars in reduced rates.
· Repealing subsidies to two coal-fired power plants operated by the Ohio Valley Electric Corporation (OVEC), one of which is in Indiana.
Republicans rejected the amendments.
After passing the House, HB 128 moves to the Senate for consideration.