02/14/2020 | News release | Distributed by Public on 02/14/2020 14:03
In case you missed it, Crain's Cleveland Business last weekend published a story highlighting the OMA study of FERC's recent order. Crain's wrote: 'Federal regulators have taken issue with Ohio's subsidies for the Davis-Besse and Perry Nuclear plants - and may shut the plants out of the power grid's capacity auctions.'
Through its December order, FERC expanded its Minimum Offer Price Rule (MOPR), which was originally intended to prevent state subsidization of new natural gas generators. Under FERC's new order, the MOPR would apply to nuclear, coal and renewable power plants that receive state subsidies in order to maintain a competitive market. 2/10/2020