PUCO adopts electric security plan for
AEP Ohio
COLUMBUS,
OHIO (Feb. 25, 2015) – Today the Public Utilities Commission of Ohio (PUCO)
modified and approved an electric security plan (ESP) for AEP Ohio that will
ultimately determine its standard service offer rates from June 1, 2015 through
May 31, 2018.
“Today’s decision adopts a comprehensive plan
that will promote a competitive environment for AEP Ohio’s customers and
support future electric reliability in Ohio,” stated PUCO Chairman Thomas W.
Johnson.
In
reaching its decision, the Commission declined to adopt the company’s proposed purchase
power agreement as it relates to the company’s interests in the Ohio Valley
Electric Corporation. Although the Commission found that the proposed power
agreement was permitted under Ohio law, after weighing the evidence of record,
the Commission was not persuaded that the proposal would benefit ratepayers.
AEP
Ohio will continue to enhance reliability through distribution investments and
vegetation management programs. AEP Ohio will continue to fund its low-income
Neighbor-to-Neighbor assistance program, and continue to implement programs to
enhance the competitive marketplace.
During
the term of the ESP, AEP Ohio will conduct six auctions to provide 100 percent
of its standard service offer. The first and second auctions will occur prior
to the expiration of the company’s current ESP on May 31, 2015, and offer a
mixture of one, two and three-year products. The second and third auctions will
offer two- year products and take place in November 2015 and March 2016,
respectively. The fifth and sixth auctions will offer one-year products and
take place in November 2016 and March 2017, respectively.
A copy
of today’s Commission opinion and order is available at www.PUCO.ohio.gov. Click on the link to the
Docketing Information System (DIS) and enter the case number 13-2385-EL-SSO.
-30-
13-2385-EL-SSO
The Public Utilities Commission of Ohio (PUCO) is the sole agency charged with regulating public utility service. The role of the PUCO is to assure all residential, business and industrial consumers have access to adequate, safe and reliable utility services at fair prices while facilitating an environment that provides competitive choices. Consumers with utility-related questions or concerns can call the PUCO Call Center at (800) 686-PUCO (7826) and speak with a representative.
For additional information, contact: Matt Schilling | (614) 466-7750
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