DAYTON — “Dayton Power and Light is lobbying state legislators to amend existing law that would allow the Public Utilities Commission of Ohio to raise electric rates if a utility’s financial integrity is at stake.
If passed, the PUCO could raise or modify rates ‘if the (PUCO) finds that the utility’s financial integrity is threatened and the modification is necessary to preserve the utility’s financial integrity,’ according to a copy of the proposed amendment obtained by the Dayton Daily News.
Rep. Niraj Antani, R-Miami Twp. said Tuesday that DP&L representatives have approached legislators, asking them to consider the language.
DP&L would like to have this amendment added in the coming weeks of the Ohio General Assembly, which is a post-election ‘lame duck session,’ Antani said.
Antani said consumers do not want rates to go up, but at the same time, ‘We have to keep the lights on.’
‘Their financial integrity truly is at stake,’ Antani said of DP&L.
…Ryan Augsburger, vice president and managing director, public policy services, for the Ohio Manufacturers’ Association, said such legislative language would ‘effectively (insure) utility companies from business risk with customer dollars.’
‘Ratepayers should not be the unwilling guarantor of a utility’s every business decision,’ said Todd Snitchler, a former PUCO chairman and a principal for Vorys Advisors, a subsidiary of a Columbus law firm.”
— Thomas Gnau, Dayton Daily News