Opposition grows to nuclear incentive bill

From The Norman Transcript:

While a Norman lawmaker’s bill to lure a nuclear power generator to Oklahoma has drawn opposition from one of the largest lobbying associations in the country — the American Association of Retired Persons — the measure is expected to be voted on by the House of Representatives today.

In a media release announcing their legislative agenda, Oklahoma AARP officials said they were opposed to state Rep. Scott Martin’s proposal, House Bill 1750, because the bill “is a particularly bad idea in a bad economy.”

“House Bill 1750 would allow electric companies to begin raising electric rates to pay for the financing cost of multi-billion dollar power plants — well before those plants are finished or producing electricity,” said Craig Davis, the AARP’s associate state director. “In addition, this bill would also fundamentally tilt the rate making system against electric consumers.”

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