COLUMBUS, Ohio -- Opposition is mounting to a plan to charge Ohioans to bail out one company's aging nuclear power plants.
Senate Bill 128 in the Ohio Legislature would add a charge to people's electric bills to subsidize plants owned by FirstEnergy, a company that provides power to about 2 million residential consumers. FirstEnergy has said its nuclear plants are an important part of the clean energy picture in the state.
But Trey Addison, associate state director at AARP Ohio, said for customers, bills would increase on average almost $60 a year for up to 16 years - a real burden for people on fixed incomes.
"This is something that we continue to see. FirstEnergy has recouped billions of dollars from ratepayers in the state of Ohio, more so than any other utility,” Addison said. "So, it's just unacceptable again, now they're seeking a legislative solution. 'Bob and Betty Buckeye' have had enough."
Addison said there's no need for Ohioans to pay above-market rates for power, and that deregulation of the electric industry is working. A joint study of deregulation by Ohio State University and Cleveland State University found Ohioans saved nearly $12 billion between 2011 and 2015, and are projected to save another $12 billion through 2020.
Addison likens FirstEnergy's request to a homeowner wanting others in their neighborhood to pay for improvements so the homeowner could make more money in a real estate deal.
"It's unfortunate that you would go on the record and say, 'We're likely going to end up selling the plant anyway, so let's 'profit up' financially so we can get the highest dollar amount for it - on the back of the consumer,’” he said.
Instead, Addison said, FirstEnergy could sell its power to other buyers at a premium price. Another utility, Excelon, recently did that in Illinois - announcing it would sell power from its Byron nuclear plant to Michigan and other states, rather than seek a bailout.
Other states have decided to let their aging nuclear plants close without bailing them out.
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With Thanksgiving just over two weeks away, will Michiganders and shoppers across the country face sticker shock at the grocery store while planning their holiday meals?
There is a mix of good and not-so-good news. According to consumer experts, grocery inflation has eased, with prices rising just 1.3% over the past year. However, prices are more than 20% higher than four years ago.
David Ortega, professor of food economics and policy at Michigan State University, said you won't have to dig as deep for the star of the Thanksgiving menu: turkey.
"Turkey prices, they're expected to be down compared to last year," Ortega reported. "The industry has been struggling with the bird flu outbreak over the past couple of years but producers are better prepared now. So you can expect to find turkeys anywhere between 2% and 10% lower in price."
The price increases this holiday season stem from several factors, including the 2019 pandemic disrupting supply chains, droughts damaging crops, avian flu driving up egg prices, and global conflicts raising overall costs.
Ortega emphasized taking advantage of your grocery store's loyalty program or app can unlock significant savings, which sometimes offers personalized discounts tailored to your shopping habits. He shared a couple of other practical strategies to help keep your holiday meal costs in check.
"Look for store brands or private labels," Ortega advised. "They're a great way to cut costs and often times, you're not really compromising on quality. And I suggest that you make a detailed shopping list, and that you stick to it."
Ortega added as shoppers become more budget-conscious, stores are offering more promotions and loyalty programs. Retailers are working to keep holiday meals affordable, with some even matching prices from 2019.
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Misinformation about electric vehicles is keeping more of them from being on Connecticut roads.
Owners of the state's more than 31,000 registered EVs still face rumors about poor battery range in colder climates. Many agencies said it is false, with some drivers feeling EVs can handle winter roads better than gas-powered cars.
Karamo Kourouma, an EV owner in Cheshire, said driving an EV involves a different mindset from a gas-powered car.
"Being able to know I just go home and plug in my car just like I would do with my cellphone; plug it in at night, wake up in the morning, unplug it, and get on your way," Kourouma explained. "You basically wake up with a fully charged battery."
Another challenge he sees for EVs is how people think of charging stations. While some charge their cars at home or fast-charging stations, Kourouma thinks there are ways to build up the infrastructure. One example is adding electric-vehicle chargers to some parking meters across places such as downtown New Haven with the hope of breaking "range anxiety" some drivers face.
Owning an EV for three years has shown Kourouma gas-powered cars are meeting their match, particularly in costs. Although gas-powered cars are less expensive to buy, EVs are shown to save consumers money in long-term costs such as maintenance, fuel and repair costs. He acknowledged misconceptions about cost keep people from making the switch.
"When people see me drive a Tesla, they think I paid $70,000, $80,000 for it, and I try to explain to them that, no, the vehicle I'm driving is $48,000 before incentives," Kourouma pointed out. "They need to be more aware of the fact now EVs tend to be in a price range that most people can afford them."
Connecticut has myriad programs designed to help people afford EVs. One includes the Connecticut Connecticut Hydrogen and Electric Automobile Purchase Rebate, which offers incentives of up to $7,500 for state residents to buy or lease an eligible clean energy vehicle.
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Online scams are growing in scale and sophistication, affecting millions and creating economic losses estimated at $1 trillion globally in 2023.
The upcoming Global Anti-Scam Summit in Arlington, Va., will bring experts together to develop strategies to combat the threat.
Jorij Abraham, managing director of the Global Anti-Scam Alliance, said as scams continue to surge, inflicting financial and emotional harm, there is an urgent need to work together.
"The big challenge is that we have to work across the different industries and across borders because scammers are getting very, very professionalized," Abraham pointed out. "We see scammers usually doing the same scam in 80 different countries and there the challenge is really putting them behind bars."
The summit is scheduled for Nov. 12-13.
Abraham advises people to consult friends and family before acting on suspicious texts or emails. According to the FBI, scams targeting Americans age 60 and older led to more than $3.4 billion in losses in 2023, though many cases go unreported.
The FBI also warns the public about scammers exploiting the 2024 U.S. general election for financial fraud. Abraham noted scams are becoming among the most reported crimes.
"We are continuously being bombarded by scammers who are trying to get our identity or our money," Abraham observed. "The goal of the summit is to discuss how can we reduce the approaches by scammers, trying to make sure that they are less successful and in the end actually are trying to really catch the scammers."
The FBI's report found tech support scams to be the most commonly reported type of elder fraud in 2023, affecting nearly 18,000 victims over age 60. Investment scams, however, were the most financially damaging, resulting in more than $1.2 billion in losses. The FBI said the fraud often involves cryptocurrency schemes targeting older Americans' finances.
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