By Trend News Line 2024-05-27 08:50:03.
Ohio regulators have significantly curtailed FirstEnergy’s latest energy efficiency proposal, which aimed to offer energy-saving programs to residential ratepayers for the first time since the passage of House Bill 6 in 2019. The controversial bill, at the center of Ohio’s ongoing corruption scandal, effectively eliminated the state’s energy efficiency and renewable energy standards. However, recent developments in the case suggest that the tide may be turning against the utility company.
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The Public Utilities Commission of Ohio recently modified and approved FirstEnergy’s rider plan, cutting most of the proposed energy efficiency programs. The approved plan includes education programs and financial incentives for low-income customers, but rejects the broader portfolio of programs proposed by FirstEnergy. The commission’s decision signals a shift in interpretation of HB 6, indicating that utilities can voluntarily offer energy efficiency programs if approved by the commission.
Energy efficiency programs have the potential to save customers money on their energy bills, reduce greenhouse gas emissions, and enhance grid resilience. While competitive markets offer opportunities for energy efficiency, supporters argue that utility-sponsored programs are cost-effective and convenient for customers. A bipartisan bill to allow utility-run energy efficiency programs on a broader, voluntary basis is currently under consideration in the Ohio House of Representatives.
In addition to the energy efficiency proposal, the PUCO also approved an extension and increases to one of the riders linked to HB 6. FirstEnergy has been ordered to produce its internal investigation into the corruption scandal to plaintiffs in shareholder cases, shedding more light on the company’s involvement in the scandal. However, the company has refused to provide the reports to the Ohio Consumers’ Counsel and others involved in cases before the PUCO.
Recent documents have revealed additional information about FirstEnergy’s financial contributions to dark money groups that supported Gov. Mike DeWine and Ohio Senate President Matt Huffman. State criminal cases against former FirstEnergy executives are progressing, while appeals for former Ohio House speaker Larry Householder and lobbyist Matt Borges are expected soon in federal court.
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The PUCO’s approval of FirstEnergy’s rider plan comes amidst preparations for a new rate case, with the company set to apply for new distribution rates at the end of May. The case follows a PUCO order issued after former chair Sam Randazzo’s connections to the HB 6 scandal became public. Pending legislation aims to reform the rate case process and increase transparency in utility regulation proceedings.
Overall, the developments in the FirstEnergy case highlight the ongoing scrutiny of the utility company’s involvement in the HB 6 scandal and the broader implications for energy policy in Ohio. As the investigations and legal proceedings continue, the future of energy efficiency programs and utility regulation in the state remains uncertain..
1. “FirstEnergy riders approved changes Ohio Capital Journal”
2. “FirstEnergy riders changes approved Ohio Capital Journal”.
