|08/09: Dominion Energy offered the first twenty-five thousand Duke Ohio customers who sign up by September 30, 2009 a fixed electric rate of 6.88 cents per kilowatt hour through December 2010. This fixed rate is approximately 20 percent less than the incumbent Duke Energy’s current electric rate price of 8.61 cents per kilowatt hour. The lower Dominion Energy rate would apply only to the electricity consumed portion of a customer’s total electricity bill. Source: The Enquirer/Cincinnati.Com http://news.cincinnati.com/
01/09: The Public Utilities Commission of Ohio voted to allow utility surcharges for FirstEnergy Corporation to expire. The utility surcharges were originally put in place to allow Ohio electric utilities to recoup some of the costs incurred during preparation for electricity deregulation that never occurred. Source: The Public Utilities Commission of Ohio http://www.puco.ohio.gov/
03/06: The Supreme Court of Ohio ruled that FirstEnergy’s auction plan was in violation of the 1999 retail choice legislation because FirstEnergy had not provided an alternative choice to its customers.
9/05: The Northwest Ohio Aggregation Coalition has been unable to find a supplier for customers in the Toledo, Ohio region. Suppliers are unable to compete against a rate plan for FirstEnergy that was approved by state regulators. This plan freezes rates for 2006 through 2008, but allows the company to collect operating costs for its power plants. Competitors claim that FirstEnergy has an unfair advantage by being able to collect these additional fees to help pay off debt. A hearing concerning this issue has been scheduled before the Ohio Supreme Court on September 28.
In accordance with Senate Bill 3, PUCO issued the second of two reports on the electric restructuring of Ohio. Covering 2003, 2004 and the first half of 2005, the report notes that Ohio is second only to Texas in terms of resident participation—up to thirteen percent in some locations. However, there is still much work to do to spur further industry change.
1/05: A review of Ohio's utility deregulation law is about to be launched by the Senate Public Utilities Committee. Deregulation can be deemed successful in only the northern 1/3 of the state. That area has historically had very high prices, and with deregulation approximately 70% of all customers (mainly commercial and residential) have moved to less expensive suppliers. Most of these customers have used the Community Choice aggregation option available through the state. The rest of the state has shown almost no movement of customers since deregulation.
The biggest concern of the Senate Committee Chairman is the looming price hikes that will occur as the "market development period" ends December 31, 2005 and rates are unfrozen. The Chairman is concerned the rate stabilization plans PUCO is using won't adequately protect customers and may not be authorized by Ohio state law.
2/04: The Public Utilities Commission of Ohio (PUCO) issued a report on May 28, 2003 concerning the competitve electric market. The report noted that Community Choice aggregation has been highly successful, with more than 150 local governments receiving PUCO certification to purchase electricity in bulk for their residents. Such programs account for nearly 93 percent of all residential customer switching, 88 percent of commercial switching and nearly 20 percent of industrial switching. Unfortunately, there has been little market competition, with only two suppliers actively marketing to residential customers by the end of 2002.
1/04: Though Dayton Power and Light Co (DP&L) was to start charging market prices for power in January 1, 2004, fears of volatile rates caused certain public-interest groups to make a deal with the company, freezing distribution rates through 2008. The plan will allow DP& L to file for rate increases in 2006 to pay for creeping costs. DP&L customers had electric rates frozen for three years and received an immediate 5% rate cut in 2001, giving the company three years in which to recoup stranded costs. The new plan will cut the generation rate another 2.5 percent for three years beginning in January 2006. Rates for customers of American Electric Power, CINergy and First Energy were frozen for five years, and will not be subject to market prices until 2005.
10/02: The Public Utilities Commission received Daytona Power & Light’s proposal to extend its current generation rate freeze from December 31, 2003 to December 31, 2005.
10/00: Allegheny Energy's (parent of Monongahela Power) restructuring plan was approved by the Public Utilities Commission of Ohio (PUCO). Competition and a 5-percent residential rate reduction begins January 1, 2001. Rates will be frozen through the development period, which is 2003 for large industrial consumers and 2005 for residential consumers.
10/00: American Electric Power's (parent company for Ohio Power and Columbus Southern Power) restructuring plan was approved by the PUCO. Retail competition begins January 1, 2001, with residential consumers receiving a 5-percent rate reduction. More than $600 million in transition costs will be collected through 2007 (for Ohio Power) and 2008 (for Columbus Southern Power). Certain residential customers will have transition charges waived. Also, rates will be frozen through the development period or 2005, whichever comes first. Shopping credits, incentives and switching procedures will be provided, and AEP agreed to absorb $40 million of customer education, customer choice implementation, and transition plan filing costs.
10/00: Dayton Power and Light's (DP&L) transition plan to begin retail competition for all customers by January 2001 was approved by the PUCO. Under the agreement, DP&L generation rates will be capped until the end of the recovery period when transition costs are fully recovered, December 31, 2003. Transmission and distribution rates will be capped through the end of 2006. The plan includes a 5-percent residential rate reduction to the generation portion for customers who remain with DP&L, beginning January 1, 2001. Additionally, DP&L will pay up to $1 million for a voluntary enrollment procedure if at least 20 percent of its customers have not chosen another supplier by September 30, 2003.
9/00: The PUCO approved the Cincinnati Gas & Electric (CG&E) restructuring plan. Retail electric choice will be offered beginning January 1, 2001. The price of electricity will be unbundled into its components (generation, transmission, distribution), and a rate cap will be in effect for five years for all residential customers. Additionally, residential customers who stay with their current supplier will receive a 5 percent rate reduction in the generation portion of their bill.
7/00: First Energy's (Ohio Edison, Toledo Edison, and The Illuminating Company) restructuring plan was approved by the PUCO. The plan calls for recovery of transition costs through 2006 for Ohio Edison, mid-2007 for Toledo Edison, and 2008 for Illuminating Company. Competition will begin January 1, 2001, and residential consumers will recieve a 5 percent rate reduction on the generation portion. Distribution rates will be frozen through 2007.
1/00: AEP (Ohio Power and Columbus Southern Power) filed its transition plan with the PUCO. The plan includes requested recovery of $974 million in regulatory assets.
1/00: Monongahela Power filed its transition plan with the PUCO. Included is a request for $13 million in stranded cost recovery.
1/00: Cincinnati Gas & Electric filed its transition plan with the PUCO. The plan includes: 5-percent residential rate reduction in the generation portion of rates, effective January 2001; rate unbundling into the generation, transmission, distribution, and transition costs components; recovery of $927 million in transition and stranded costs; corporate separation of regulated and unregulated functions; participation in the MidWest ISO; and a consumer education plan. The PUCO is to rule on the plan before Oct. 31, 2000.
1/00: Dayton Power & Light filed its transition plan with the PUCO. The plan includes a 5 percent residential rate reduction for generation; a cap on all prices through December 31, 2004; customer choice by January 1, 2001; recovery of $441 million in transition costs; and a consumer education program. The PUCO will issue comments and recommendations to the plan within 90 days, a final order within 275 days.
1/00: First Energy (Ohio Edison, The Illuminating Company, Toledo Edison) refiled a transition plan with the PUCO to conform with the new rules established to comply with Ohio's restructuring law. The plan includes: requested recovery of $7 billion for transition and stranded costs; operational and technical support changes to allow for retail direct access by January 1, 2001; plans to transfer control of transmission assets to the Alliance RTO; unbundled prices; corporate separation of regulated and unregulated business; and an education program for consumers.
10/99: The PUCO issued an initial set of rules for transition to a competitive retail market. The draft rules include provisions for recovery of stranded costs, corporate unbundling, consumer education, and employee protections.