In its lame duck session, the General Assembly passed and sent to the governor HB 554, a bill that makes the implementation of the state’s energy standards optional for electric utilities, for two years.
The bill, which was purported to be needed to save electricity customers money, will likely do the reverse. It does this because of provisions that allow electric utilities to collect profit (and thus cost to customers) in new ways. These profits could be significant, and with little customer benefit.
Fortunately, the bill provides the option for most businesses to opt-out of the program and its cost, but not until January 1, 2019.
Governor Kasich is reported to be considering a veto of the measure.
Read more in this technical analysis. 12/15/2016