Critics of American Electric Power’s (AEP) bailout have been quick to call out the utility for forcing Ohioans to prop up its uneconomic coal fleet. They note how the deal will cost customers $2 billion to keep open AEP power plants that would otherwise close.
One complaint we haven’t heard yet comes from Senator Bill Seitz, chairman of the Ohio Senate Public Utilities Committee. Sen. Seitz recently joined in on criticizing AEP’s bailout proposal – but for the wrong reasons. Rather than attack the multibillion dollar subsidies going to outdated power plants, the senator critiques a small carve-out for a new solar energy project in Appalachia that will employ veterans. Read More