Senators Romanchuk and Hicks-Hudson Hosted News Conference on Electricity Forecast Integrity Act

COLUMBUS—Ohio Senators Mark Romanchuk (R-Ontario) and Paula Hicks-Hudson (D-Toledo) held a news conference yesterday to discuss the Electricity Forecast Integrity Act.

The support for Senate Bill 457 comes from a wide range of groups including the Buckeye Institute, the Ohio Manufacturers' Association, Ohio Consumers' Council, and the Northwest Ohio Aggregation Coalition.

"This is a simple bill," Sen. Romanchuk said. "You should only pay for the actual cost, not the projected cost from inflated forecasts."

Inflated forecasts raise electricity prices and overstate the need for new transmission investments and new generation that may not actually be needed. The Electricity Forecast Integrity Act encourages more accurate forecasting to protect consumers. 

"I'm proud to join Senator Hicks-Hudson on this bipartisan effort to keep money in Ohioans' wallets," he continued. "I look forward to seeing more support coalesce around our effort." 

SB 457 was introduced and waits to be referred to committee. 

 
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