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Supreme Court of Ohio

Description

May PUCO Adjust Electric Company's 2009 Recovery of Fuel Costs by Value of Buyout Made a Year Earlier?

In the Matter of the Fuel Adjustment Clauses for Columbus Southern Power Company and Ohio Power Company, Case no. 2012-1484

Public Utilities Commission of Ohio

ISSUES:

Was an order by the Public Utilities Commission of Ohio (PUCO) to reduce electricity rates in 2009, based on the value of a buyout agreement made by a power company in 2008, unlawful retroactive rate-making?

Did the PUCO unlawfully and unreasonably seize the value of the coal reserve part of the 2008 buyout to offset fuel costs incurred in 2009?

Did the PUCO improperly modify its earlier decision in this case?

Markers Transcript

00:00:50	Steven Nourse for Ohio Power Co.
00:17:36	Joseph Oliker for Industrial Energy Users-Ohio
00:34:54	Thomas McNamee for the PUCO
00:50:16	Summation: Steven Nourse for Ohio Power Co.

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Note : Transcripts are compiled from uncorrected captions