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Ohio House approves broad energy bill including rollback of OVEC subsidy
Summary
The Ohio House passed House Bill 15 on a 90-3 vote after hours of debate. The measure reduces certain utility tax rates, ends legacy generation riders, expands oversight of transmission and requires utilities to publish capacity maps and reliability reporting; it also ends the OVEC subsidy that originated in HB 6.
The Ohio House on March 20 passed House Bill 15, a wide-ranging energy measure that cuts certain utility tax rates, expands state oversight of transmission projects and phases out a subsidy tied to legacy coal plants, by a 90-3 vote.
Supporters said the bill will lower costs and improve grid reliability. Representative Klopfenstein, the bill sponsor, said the package “sends a clear message that Ohio is open for business” and described tax and regulatory changes intended to spur new generation and better transparency.
The bill cuts the tangible personal property tax on generation from 25% to 7% and reduces the tax treatment for transmission and distribution property from 87% to 25%, provisions Klopfenstein said will help Ohio remain…
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