COLUMBUS—State Senator Michael Rulli
(R-Salem) today joined his Senate colleagues in passing House Bill 128
, legislation to roll back provisions of House Bill 6 from the 133rd General Assembly.
The legislation is similar to two bills previously approved by the Ohio Senate—Senate Bill 10
, sponsored by Senator Mark Romachuk (R-Ontario), and Senate Bill 44
, sponsored by Senators Michael Rulli (R-Salem) and Jerry C. Cirino (R-Kirtland).
The bill removes the nuclear subsidy enacted in House Bill 6, lowering utility rates and saving $1 billion for Ohioans over the next seven years, while protecting the thousands of people employed by the zero emission nuclear facilities in Ohio.
"Last General Assembly, I, and my constituents, had serious concerns about the provisions included in House Bill 6, which is why I voted no on that legislation," said Rulli. "I am proud to once again join my colleagues in voting to save money for ratepayers, protect Ohio jobs, and provide a clear path forward."
Provisions of the bill also repeal the revenue decoupling mechanism that separates a public utility's revenue from the volume of electricity that it sells to customers. Regardless of how much electricity is sold, decoupling operates to ensure that a utility's revenue target is reached. This legislation repeals the decoupling provision from House Bill 6 that guaranteed a particular revenue threshold.
House Bill 128 will now go to the Ohio House for their consideration on concurrence.