This grant to the Painesville power plant is a bail out due to the Ohio Legislature's meddling in power production and utilities.
Ohio House Bill 221 is the wrong-headed attempt by State lawmakers to force utilities into using more so-called green power and green sources for power generation.
Sure, we at this blog love technology; internet, computers, smart phones, high definition televisions...you name it! All these things require electricity to work! All the homes and offices that these devices require gas to heat them!
You get the drift!
However, everything the Government gets involved in ends up screwed up! Take Ohio's attempts via House Bill 221 to get people to conserve electricity.
Guess what the utilities did?! The local electric utility decided it was pass out two compact fluorescent bulbs at a cost of almost $22. Last time I checked six bulbs could be bought for $12 at Lowe's.
The extra cost was due to the revenue that the utility would lose due to less demand.
So, the tax payers make-up the utilities' difference...now we give $3.74 million to the Painsville power plant?
Every time the government does something it costs us money!
Thanks a lot Painsville! We are bailing out your power plant...that's what this boils down to!