VIDEO: Jereme’s Testimony for Substitute House Bill 6
Last week (Wednesday, May 8), Jereme spoke in front of the Ohio House Energy and Natural Resources Committee in support of Substitute House Bill Number 6. See the recorded testimony below, or view the entire meeting on The Ohio Channel.
For context, below is Katie’s message about Sub.H.B.No.6. Please see Katie with questions.
- Jereme will be testifying on HB 6, which many of you may have read about in the news. It is a somewhat controversial bill in the energy space here in Ohio. Basically, if passed, the bill would provide payments to zero-carbon resources in Ohio including nuclear and some wind and solar. This payment would be in the amount of $9 per MWH. While One Energy does not generally support subsidies, if One Energy is included in this bill (which One Energy is working on and is likely), our projects would receive this $9/MWH payment in perpetuity. For context, RECs are only worth about $6/MWH right now and that price fluctuates with the market.
In addition, Ryan, Jereme, and I are working hard to ensure that the bill also includes language that clearly increases the size of projects that don’t fall under OPSB jurisdiction from 5 MW to 20 MW.
If they happen, both of these changes would very good things for One Energy.
