Coal / Duke Energy / Energy

Ohio regulators adopt Duke Energy’s ESP plan, reject related PPA proposal

20120823-163759

CHARLOTTESVILLE, VA — “Consistent with its ruling in AEP Ohio’s request for an electric security plan with a PPA rider, the Public Utilities Commission of Ohio on April 2 modified and approved Duke Energy Ohio Inc.‘s ESP while rejecting its proposed price stabilization rider for two coal plants.

‘The commission was not persuaded that the rider, as proposed, would benefit ratepayers,’ the PUCO said in a news release.

The commission, however, allowed Duke Energy to establish a placeholder rider at a rate of zero, ‘pending consideration of future proposals.’

Duke Energy Ohio in May 2014 asked Ohio regulators to approve a new three-year electric security plan to run from June 1, 2015, through May 31, 2018. Duke Energy Ohio’s current electric security plan, or ESP, was approved in November 2011 and ends May 31.

Under the portion of the plan adopted by the PUCO, Duke Energy Ohio will obtain supply for standard service offer customers through a competitive bidding process. The utility will conduct five auctions to provide 100% of the supply needed for its SSO customers.”

— Darren Sweeny, SNL Financial

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