Group ends effort to block bailout for Ohio nuclear plants

COLUMBUS, Ohio (AP) — Opponents of Ohio's roughly $1 billion financial rescue of the state's two nuclear power plants will end their attempt to overturn the bailout.

The group called Ohioans Against Corporate Bailouts filed a motion Tuesday in federal court to dismiss its appeal that was seeking more time to collect signatures needed for a statewide vote.

A spokesman told The Columbus Dispatch the group did not have enough money to continue with the fight in court.

Investors and developers in the state's natural gas industry, along with backers of green energy, had led the fight against the nuclear plant rescue. The rescue adds a new fee on every electricity bill in the state and scales back requirements that utilities generate more power from wind and solar.

The fees will generate $150 million a year beginning in 2021 for FirstEnergy Solutions' two nuclear plants near Toledo and Cleveland.

The opponents missed a deadline last October to turn in enough signatures to get on the ballot in 2020, but they had asked the courts for an extension. They argued that the state waited so long to authorize its proposed ballot initiative that they didn't have enough time to collect the signatures.