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Ohio Supreme Court Upholds AEP Pricing Structure
By: Associated Press
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COLUMBUS, Ohio (AP) – The Ohio Supreme Court has upheld a pricing structure for fees that competitors must pay American Electric Power as the utility transitions to a competitive market.
The court’s Thursday ruling sided with a 2012 decision by the Public Utilities Commission of Ohio to set the fee at $188.88 per megawatt-day.
The decision also upholds the requirement that AEP charge suppliers a lower market-based price.
AEP had objected to the $188.88 rate, arguing that it was too low to recover its actual costs to provide capacity. The utility wanted to charge suppliers $355 per megawatt-day.
The Ohio Consumers Counsel, which represents utility consumers, had challenged PUCO’s authority to approve the capacity charge and to defer the recovery of capacity costs.
The court rejected both challenges.