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Reregulation: A Second Bite at the Apple

Reregulation: A Second Bite at the Apple. Dave Rinebolt, Executive Director and Counsel Ohio Partners for Affordable Energy PO Box 1793, Findlay, OH 45839-1793 419/425-8860 * 419/425-8860 – FAX drinebolt@ohiopartners.org * www.ohiopartners.org. Meet the Players. Governor & Legislature

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Reregulation: A Second Bite at the Apple

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  1. Reregulation: A Second Bite at the Apple Dave Rinebolt, Executive Director and Counsel Ohio Partners for Affordable Energy PO Box 1793, Findlay, OH 45839-1793 419/425-8860 * 419/425-8860 – FAX drinebolt@ohiopartners.org * www.ohiopartners.org

  2. Meet the Players • Governor & Legislature • Utilities • Industrials • Farm Organizations • Ohio Consumer’s Counsel • Environmental Organizations • Labor • OPAE • Marketers Ohio Partners for Affordable Energy

  3. Where We Were • Rates below the national average. • 80% coal/20% nuclear. • Nuclear plant cost overruns. • Decent low income programs. • Few efficiency programs. • Almost no renewables or PURPA contracts. Ohio Partners for Affordable Energy

  4. Where We Are • Five years of capped rates. • Rate Stabilization Plans – 20-35% increases. • Non-bypassable riders. • Few competitive options. • Two RTOs. • Overwhelming market power. • ‘Fall off the cliff’ at the end of 2008. Ohio Partners for Affordable Energy

  5. Where We Are Going • Hybrid Regulation. • Electric Security Plans. • Market Option. • Establishing the Baseline. • Efficiency Standard. • Advanced Energy Standard. • RTOs. • Least Cost Planning. • Construction Work in Progress (CWIP). • Single Issue Ratemaking. Ohio Partners for Affordable Energy

  6. Implementing the Legislation • What is a competitive market? • Adjustments to baseline. • What is least cost planning? • Cost shifting among customer classes. • Establishing the baseline for rates. • Renewables and energy efficiency. • Risks and rewards. Ohio Partners for Affordable Energy

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