Update: On August 15, 2012, the PUCO granted the applications for rehearing filed by the OMAEG, OHA, OEG, IEU-Ohio, Schools, FES, and AEP-Ohio, in order to further consider the matters specified in the applications. On October 17, 2012 the Commission issued an entry on rehearing granting in part and denying in part the applications for rehearing. The Commission granted rehearing for the “limited purpose” of making two clarifications. First the Commission clarified that all customers that were shopping as of September 7, 2012 should have continued to receive RPM-based capacity pricing during the period in which the interim SCM was in effect. Therefore, AEP-Ohio was directed to make the necessary adjustments to CRES billings that occurred during the interim period consistent with the Commission’s clarification. Secondly the Commission clarified the fact that the Commission is authorized pursuant to R.C. Sections 4905.26, 4905.04, 4905.05 and 4905.06 to issue the Capacity Order. Other than two clarifications, the Commission denied the applications for rehearing. In particular the Commission denied OMAEG’s argument that AEP-Ohio’s proposal to increase and extend AEP-Ohio’s interim capacity pricing was not supported by the record. The Commission further denied OMAEG’s request to establish an escrow account in which AEP-Ohio would deposit the difference between the two-tiered interim relief and the RPM-based capacity price. Finally the Commission found that it was unnecessary to address the arguments raised by OMAEG and the other intervenors regarding the deferral recovery mechanism, and thus denied the requests for clarification and rehearing.
October 19, 2012, Volume 1, Issue 100
10/19/2012