Policy

The final nail in the coffin of Ohio’s nuclear subsidies occurred on March 31 when Gov. Mike DeWine signed H.B. 128, a bill passed unanimously by the state’s Senate last Thursday.

Approved 86-7 by the Ohio House on March 10, H.B. 128 strips the nuclear subsidy provisions from H.B. 6, the controversial and, since last July, scandal-scarred piece of legislation signed into law in 2019 to aid Ohio’s economically challenged nuclear facilities, Davis-Besse and Perry.

H.B. 128 also removes the earlier bill’s “decoupling” provision, which would have been of substantial financial benefit to FirstEnergy Corporation, the former parent company of Energy Harbor, owner and operator of Davis-Besse and Perry. The new bill retains H.B. 6’s subsidies for utility-scale solar projects, however, and for two coal plants (one in Ohio, one in Indiana).

H.B. 128 was sponsored by Reps. James Hoops (R., 81st Dist.) and Dick Stein (R., 57th Dist.).

A group of Illinois lawmakers joined Joe Duffy, executive director of the labor coalition Climate Jobs Illinois (CJI), at a virtual news conference on March 29 to unveil a union-focused, clean energy legislative proposal that includes help for the state’s struggling nuclear power plants.

Five former assistant secretaries of energy for the Office of Nuclear Energy—a position given the designation “NE-1”—gathered for a virtual panel discussion hosted by the American Nuclear Society on March 26. Rita Baranwal, John Kotek, Peter Lyons, William D. Magwood, and Warren “Pete” Miller each participated in the free event that was moderated by Benjamin Reinke, the former executive director in the secretary of energy’s Office of Strategic Planning and Policy.

Within the European Union, recognizing nuclear energy as green, sustainable, and worthy of investment depends on nuclear being added to the EU taxonomy of “sustainable investments that have been found to ‘do no significant harm’ to human health and to the environment.” The EU will issue a final taxonomy this year, and a decision to include nuclear power—which was excluded from a draft released in late 2020—could raise prospects for public and private nuclear investments both inside and outside the EU.

The decision rests with the European Commission (EC), which will take into consideration expert opinions, including those in a scientific report of the EC’s Joint Research Centre (JRC) that was requested last summer. The JRC's 387-page report, Technical assessment of nuclear energy with respect to the ‘do no significant harm’ criteria of Regulation (EU) 2020/852 (‘Taxonomy Regulation’), was leaked to the media and made available online on March 26. The report supports adding nuclear to the taxonomy.

Barrasso

Sen. John Barrasso (R., Wyo.), the ranking member of the Senate’s Energy and Natural Resources Committee, earlier this month introduced legislation, the Combating Global Poverty Through Energy Development Act (S. 758), which aims at removing barriers put up by international financial institutions that limit support for both fossil fuel and nuclear energy projects.

“Developing countries desperately need affordable and reliable energy,” said Barrasso. “Instead of using all available energy options, the World Bank would rather score political points by boycotting critical coal, oil and gas projects. The solution to ending energy poverty does not lie in limiting options. Our bill will encourage the World Bank to eliminate barriers to traditional energy resources, or risk losing American taxpayer funding.”

The bill is cosponsored by Sens. Cynthia Lummis (R., Wyo.), Cindy Hyde-Smith (R., Miss.), Ted Cruz (R., Texas), John Hoeven (R., N.D.), Bill Hagerty (R., Tenn.), John Cornyn (R., Texas), and Jim Inhofe (R., Okla.).

The Senate Energy and Natural Resources Committee yesterday held a hearing to examine the latest developments in the U.S. nuclear energy sector, with a focus on ways to maintain and expand the use of nuclear in the United States and abroad.

Testifying before the committee were Jeffrey Lyash, president and chief executive officer of the Tennessee Valley Authority (TVA); Chris Levesque, president and CEO of TerraPower, Scott Melbye, president of Uranium Producers of America (UPA); Amy Roma, founding member of the Atlantic Council’s Nuclear Energy and National Security Coalition and a partner with the law firm Hogan Lovells; and J. Clay Sell, CEO of X-energy.