Romanchuk Praises Modern Energy Policy

COLUMBUS—The Ohio Senate overwhelmingly passed a new 21st Century power policy that is reliable, affordable, and accountable to Ohio.
 
Senate Bill 2, priority legislation for the Senate, energizes and maximizes Ohio’s power industry by putting the focus on projects that generate baseload power, which is the demand needed to power homes, businesses, and industry across the state every day. The bill was supported by State Senator Mark Romanchuk (R-Ontario)

"Creating a modern energy policy is a significant step for the state of Ohio," said Senator Romanchuk. "The increase in power generation and repeal of riders imposed on Ohioans by utility companies puts our great state a step above our neighbors. I am confident that the future of energy is bright for Ohio." 

The bill provides additional accountability to consumers by repealing Electric Security Plans (ESP’s), also known as “riders.” This has been a way to charge consumers more without necessarily making the case for why an energy company needed additional funds.

Additionally, the bill provides for a traditional rate case format, where the energy company would have to fully disclose its financials to the Public Utility Commission before a rate increase would be approved.

Senate Bill 2 also establishes Priority Investment Areas (PIA’s) for new power generation projects. This is key to revitalizing brownfields and decommissioned coal power plant sites for new generation projects.

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