Authorize creation of natural gas pipeline incentive areas
Impact
With the establishment of EnergizeOhio zones, local governments will have the authority to designate areas significantly hindered by inadequate natural gas infrastructure. This legislation is expected to attract investments, streamline the permitting process for pipeline projects, and ultimately enhance the state’s energy distribution capabilities. The bill also sets up a pipeline easement revolving loan program to help municipalities and counties cover the costs associated with acquiring necessary easements for pipeline construction.
Summary
House Bill 349 aims to stimulate the development of natural gas pipelines and related infrastructure in Ohio by creating designated areas, known as EnergizeOhio zones, where financial incentives will be available. The bill amends existing sections of the Revised Code concerning economic development and introduces new provisions aimed at fostering the establishment of appropriate natural gas infrastructure. Its intent is to encourage investment in regions where current natural gas infrastructure is lacking, thereby supporting local economies and job creation.
Contention
While proponents of HB349 argue that it opens doors for economic development by addressing critical energy infrastructure needs, opponents may express concerns regarding environmental impacts and land use rights. There may also be discussion about whether such state-directed incentives could overshadow local needs or preferences for energy solutions, potentially leading to conflicts over land appropriations as areas move toward enhanced natural gas dependencies.
Establishes Clean Energy Technology Center and Alternative and Clean Energy Investment Trust Fund for purposes of creating clean energy-related employment opportunities; allocates revenues from societal benefits charge to support its activities.
Establishes Clean Energy Technology Center and Alternative and Clean Energy Investment Trust Fund for purposes of creating clean energy-related employment opportunities; allocates revenues from societal benefits charge to support its activities.