PUCO Approves Transition Plans and American Electric Power's Transition Plan Cases.COLUMBUS, Ohio, Sept. 28 /PRNewswire/ --
The Public Utilities Commission of Ohio The Public Utilities Commission of Ohio (PUCO) is an agency of Federal State of Ohio that is charged with the regulation of utility service providers such as those of electricity, natural gas, and telecommunications as well as railroad safety and intrastate hazardous (PUCO PUCO Public Utilities Commission of Ohio (Columbus, Ohio)
PUCO Pacific University College of Optometry (Forest Grove, Oregon) ), today approved this stipulation in the American Electric Power (AEP AEP - Application Environment Profile ) Co.'s electric transition plan cases which create an opportunity to begin a competitive retail electric market in Ohio and provide opportunities for customers to begin saving on their electric bills beginning January 1, 2001. "AEP customers can begin to shop for competitive generation services," said PUCO Chairman Alan Schriber.
"The plans came before us as a settlement in which the overwhelming majority of intervenors either supported or did not oppose the resolution of the very complex issues inherent in these cases," Schriber added. "Nevertheless, the Commissioners carefully scrutinized every aspect of the settlements and determined that approval is in the public interest. Considered in its totality, we believe that our order approving the settlement will provide AEP customers the protection they are entitled to, along with the opportunity to acclimate themselves to the idea of shopping for electricity."
AEP is a supplier of electricity and energy-related services throughout the world. It is the parent company of Ohio Power Company and Columbus Southern Power Company. These two companies provide electric service to approximately 1,325,000 customers in Ohio.
The terms of the stipulations provide for rate freezes, rate reductions, flexibility for larger contract customers not otherwise available and low- income energy efficiency grants and defined transition periods for AEP.
Under the terms of the agreements, AEP (on behalf of Ohio Power Co. and Columbus Southern Power Company) agrees to:
1. Freeze rates through either the end of the market development period
or 2005, whichever is shorter, except to reflect a 5 percent reduction
to the generation component of residential customer rates starting
January 1, 2001;
2. Provide shopping credits, incentives and switching procedures that
will allow customers to shop for alternative generation suppliers;
3. Absorb $40 million of Consumer Education, Customer Choice
Implementation and Transition Plan Filing Costs; and
4. Waive the regulatory transition charge for certain residential Ohio
Power Company customers that switch generation providers between
January 1, 2006 and December 31, 2007.
On June 22, 1999, the Ohio General Assembly The Ohio General Assembly is the state legislature of the U.S. state of Ohio. Nature of the Assembly
Ohio General Assembly is a bicameral legislature:
On December 30, 1999, AEP filed transition plans for Ohio Power Company and Columbus Southern Power with PUCO. On May 8 and June 19, 2000, stipulations were filed on behalf of AEP, the PUCO Staff, the Ohio Consumers' Counsel, Industrial Energy Users-Ohio, the Appalachian People's Action Coalition, Association for Hospitals and Health Systems, (dba Ohio Hospital Association), Buckeye Power, Inc. Columbia Energy Services Corporation, Columbia Energy Power Marketing Corporation, Enron Energy Services Enron Energy Services (EES) was a business unit of Enron Corporation, whose purpose was to provide gas, electricity, and energy management directly to businesses and homes. Enron compared the service to choosing a telecommunications company to provide your house with a phone line. , Inc., The Kroger Company, Mid-Atlantic Power Supply Association, the Ohio Council of Retail Merchants, Ohio Department of Development, the Ohio Manufacturers' Association, National Energy Marketers Association, Ohio Partners for Affordable Energy, Ohio Rural Electric Cooperatives, Inc., PECO PECO Países da Europa Central e Oriental (Portugal)
PECO Philadelphia Electric Company
PECO Public Education Capital Outlay
PECO Pelagic Cormorant (phalacrocorax pelagicus) Energy Company (dba Exelon Energy), WPS See Windows Printing System and Workplace Shell.
(unit) wps - (Obsolete) Words per second (mostly used for Telex and TWX transmission). Energy Services, Inc., NewEnergy Midwest, LLC, Strategic Energy L.L.P., Ameritech New Media, Inc., and WSOD Community Action Commission, Inc.
Evidentiary hearings in this case were held in May and June, 2000. Local public hearings were conducted on June 5 and 22 in East Liverpool and Columbus, respectively.
Case No. 99-1729-EL-ETP