Analysis: OVEC Costs Double for Customers

A new analysis by the OMA’s technical consultants at RunnerStone describes how customers’ costs to subsidize two inefficient, Cold War-era coal power plants (including one in Indiana) have doubled in recent years.

The memo also examines inconsistencies expressed by OVEC and its consortium of energy company owners regarding the need for the subsidy. The OVEC subsidy, which is directly tied to the scandal-ridden House Bill 6, has been consistently opposed by the OMA due to the growing burden it has placed on customers. This new research confirms manufacturers’ concerns. 9/30/2021