H.B. 381 Summary

• Creates a zero-emissions nuclear resource program operating in successive two-year periods from the effective date through December 31, 2030, with the Public Utilities Commission to determine in 2029 whether continuation after 2030 is in the public interest.

• Establishes a credit system where nuclear energy resources meeting specified criteria receive zero-emissions nuclear credits valued at $17 per credit for the initial period, adjusted for inflation thereafter, with credits allocated to electric distribution utilities based on customer consumption.

• Requires participating utilities to collect revenues through a nonbypassable rider on customer bills: residential customers charged $2.50 monthly, nonresidential customers charged the lesser of $3,500 or 5% of total bill.

• Sets eligibility criteria for nuclear resources including interconnection within PJM transmission system, transmission deliverability, environmental benefits compared to alternative generation sources, and restrictions on prior state subsidies or municipal ownership.

• Mandates that nuclear resource operators receiving credits maintain corporate headquarters in Ohio and preserve employment levels comparable to similar pre-1990 U.S. nuclear facilities.