Ohio Senate Advances Major Energy Bill Overhauling Regulations

The Ohio Senate has unanimously approved Senate Bill 2, a comprehensive energy bill aimed at overhauling the state's energy generation and regulatory framework to address impending electric shortages due to rising demand, particularly from data centers. The bill eliminates subsidies for certain coal and solar projects and introduces changes to how utilities bill consumers, promoting a more competitive energy market. Key provisions include a faster approval process for new power plants and the removal of the transmission tax for new energy generation projects. Critics have raised concerns over potential risks to consumers and the environment, particularly regarding deregulation and expedited permitting processes. Despite these concerns, supporters argue that the bill will modernize Ohio's energy infrastructure and attract much-needed investment. The legislation now moves to the House for consideration, where a similar bill is already under discussion.