From Ohio Citizen Action <[email protected]>
Subject Today's traditionally tax day, but not for Big Energy
Date April 15, 2021 12:20 PM
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Did you pay more than a penny in income taxes over the last 3 years Friend?



These corporations didn’t:







Ohio’s investor-owned utilities FirstEnergy, AEP and Duke Energy haven’t paid federal income taxes in years according to a report by the Institute on Taxation and Economic Policy <[link removed]>, a nonprofit, non-partisan think tank. 



A neat trick: FirstEnergy ducks their tax bill while shifting costs onto consumers.



FirstEnergy is still on the hook for its $61 million statehouse corruption scandal to pass House Bill 6 - a $1.3 billion bailout package called the "worst energy policy in the nation."



Most of the bailout money was meant to prop up FirstEnergy's two failing nuclear plants, but more than $100 million has gone to subsidize two dirty, Eisenhower-era coal plants partially owned by AEP and Duke.



While the companies pleaded for bailouts from Ohio ratepayers, their tax information shows healthy revenue.



FirstEnergy netted almost $3.7 billion before taxes over the past three years, yet it’s allowed to show a loss for tax purposes.







Governor Mike DeWine and lawmakers have quietly repealed $1 billion in nuclear bailout subsidies, but the coal subsidies continue to roll in. The Ohio Consumers’ Counsel says that so far $107 million in coal subsidies have gone to OVEC coal plants since the beginning of 2020 <[link removed]>. Another $233,000 rolls in EVERY DAY.







Ratepayers pay federal income taxes in addition to state and local taxes — PLUS their electric bills. It's past time for Ohio utilities to pay their fair share of taxes, too.



Ohio Citizen Action has fought for your consumer rights since 1975.



Please help us raise our $30,000 Earth Day goal. We can't do this critical work without you. <[link removed]>



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Thank you!





Ohio Citizen Action

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P.S. Don’t forget about our special Earth Day program, Local Solutions to Address Climate Change <[link removed]>on April 21. Ohio Citizen Action Executive Director Rachael Belz and Climate and Environmental Justice Advocate Carla Walker will discuss what we can do in our own backyard to make progress in the battle against climate change. Register today!





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Ohio Citizen Action - 1511 Brookpark Rd, Cleveland, OH 44109, United States

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