Liam Denning, Columnist

Ohio's Nuke and Coal Bailout: Throwback Mountain

A new energy law subsidizes old, expensive and failing sources.

July 24, 2019 at 4:25 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

It’s more the other way around now.
Photographer: Ty Wright/Getty Images North America

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Representative William Seitz declared several years ago the Ohio State Legislature was not prepared to continue its “march up state mandate mountain.” He was voicing opposition to renewable and energy efficiency standards he had described as Stalinist, which, even with the healing power of time, comes across as a tad overwrought.

Guess what, though: It turns out Seitz isn’t against mandate mountains altogether. It’s just a question of which mountain he chooses to climb.