Non-Utility Investments Adding 11,386 MW of New Gas-Fired Power

Jobs & Economic Impact

• Private natural gas-fired power investments in Ohio:
  • $ 5 Billion ongoing
  • $ 7 Billion incoming
• This new non-utility, private, power gas-fired electricity generation of 11,386 MW will more than equally offset all closure of coal-fired utility plants in Ohio (10,003 MW).
• Ohio’s power utilities, such as AEP, FirstEnergy, and DP&L have not participated in the recent buildout of modern gas-fired plants.
• PJM data shows that Ohio’s utilities have attempted to develop gas-fired projects but have not succeeded.

 

Ohio’s History of Customer Choice

• Since 1999, Ohio elected to become part of a 13-state, 61 million population, open-competitive marketplace for the production / sale of electricity (PJM Market).
• In 1999 AEP/FirstEnergy/DP&L joined deregulation via PJM and were compensated billions to subsidize their vintage power plants that were known to be marginal performers.
• Opening up power generation to free market competition has consistently reduced the generation cost of electricity to all Ohioans.
• To date, the private sector, or Independent Power Producers has invested billions in modern, clean, low-cost natural gas projects. Click here to learn more
• Having a free and open marketplace encourages customers to use “customer choice” to select the lowest cost provider of electricity.
• Recent polls show that Ohioans desire “customer choice” by a 7:1 margin. See recent poll
• A recent Ohio State University / Cleveland State study showed that Ohioans will save $3,000,000,000 per year when exercising “customer choice” in a marketplace free of utility monopolies. View the study
• Despite this data, Ohio electricity utilities continue to push for billions more in bailouts and elimination of “customer choice.” In short, re-reg is anti-competitive, anti-consumer, and anti-Ohio. Read more here

 

Local Benefits of Natural Gas Electricity

• Construction of a single large-scale privately funded gas-fired electricity bring the following local benefits to Ohioans:
  • Construction jobs for 2.5 years (500-750)
  • Purchase of local goods / services for construction
  • Construction salary tax to local community
  • Property tax payments
  • Purchase of local water
  • Purchase of local wastewater service
  • New full-time jobs (20-25)
  • Local salary tax on new full-time jobs
  • Local income tax based on plant’s income
  • State income tax based on plant’s income
  • Purchase of local gas transport services
  • Purchase of low-cost natural gas available in Ohio
• Cumulative Ohio Economic Benefit (per plant)
  • For a single 800 MW plant: $ 13.8 Billion
  • For the twelve new projects running, under construction, and in development: $ 156 Billion