Nuclear bailout tied to bribery scandal was years in making

A USD 1 billion bailout for Ohio's two nuclear plants that's now entangled in a state bribery scandal had little support when the idea came up three years ago. It was all but dead until the spring of last year, when the new leader of the Ohio House stepped up with a last-ditch attempt to give the plants a financial lifeline.


PTI | Toledo | Updated: 03-08-2020 17:49 IST | Created: 03-08-2020 17:49 IST
Nuclear bailout tied to bribery scandal was years in making
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A USD 1 billion bailout for Ohio's two nuclear plants that's now entangled in a state bribery scandal had little support when the idea came up three years ago. It was all but dead until the spring of last year, when the new leader of the Ohio House stepped up with a last-ditch attempt to give the plants a financial lifeline. But that's all on shaky ground again after federal authorities accused the powerful Republican Ohio House speaker and four associates of orchestrating a $60 million bribery scheme involving corporate money secretly funneled to them in exchange for passing the bailout.

The question for state lawmakers who are under pressure to repeal the bailout is whether they're willing to face another divisive debate — this time under the shadow of scandal — in order to find a new way to prop up the financially strapped nuclear plants. Here is a look at how the bailout came about and its prospects going forward.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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