Ohio Clean Air Program (HB 6) - Summary

• Nuclear and Renewable Energy Support: Establishes a nuclear generation fund ($150 million annually) and renewable generation fund ($20 million annually) to provide payments for nuclear resource credits ($9 per megawatt hour) and renewable energy credits ($9 per megawatt hour) through 2027.

• Renewable Energy Mandate Reduction: Lowers the renewable energy portfolio standard from 12.5% by 2027 to 8.5% by end of 2026, with solar requirements reduced from 0.5% to 0%, effective for compliance year 2020 and thereafter.

• Energy Efficiency Changes: Extends the annual energy savings requirement to 2% of baseline through 2027 (rather than previous higher targets), and modifies peak demand reduction requirements to 0.75% annually through 2020.

• Legacy Generation and Decoupling: Establishes a nonbypassable rate mechanism through 2030 to recover costs for legacy generation resources, and permits electric utilities to implement decoupling mechanisms for residential and commercial customers.

• Tax Exemptions and HEAP Weatherization: Changes tax exemption thresholds for energy projects from 5 to 20 megawatts and authorizes use of 25% of federal LIHEAP funds for home weatherization services.