{"content":[{"text":"Transmission service is regulated by the federal government, primarily by the Federal Energy","bbox":{"left":0.117647,"top":0.088894,"width":0.734588,"height":0.020212000000000008}},{"text":"Regulatory Commission (FERC).","bbox":{"left":0.117647,"top":0.123742,"width":0.263031,"height":0.020211999999999994}},{"text":"Distribution services are regulated by the Public Utilities","bbox":{"left":0.39049,"top":0.123742,"width":0.446159,"height":0.020211999999999994}},{"text":"Commission of Ohio (PUCO).","bbox":{"left":0.117647,"top":0.158591,"width":0.23946699999999999,"height":0.020212000000000008}},{"text":"Electric generation service in Ohio is governed by Amended Substitute Senate Bill 221 (SB 221)","bbox":{"left":0.117647,"top":0.228288,"width":0.7601899999999999,"height":0.020212000000000008}},{"text":"from the 127th General Assembly.","bbox":{"left":0.117647,"top":0.261511,"width":0.265068,"height":0.021836999999999995}},{"text":"Utilities have two options for pricing generation service. One","bbox":{"left":0.392537,"top":0.263136,"width":0.480835,"height":0.020212000000000008}},{"text":"option is a market rate offer (MRO). The other is an electric security plan (ESP). The market","bbox":{"left":0.117647,"top":0.297985,"width":0.737169,"height":0.020212000000000008}},{"text":"rate offer requires an electric utility to procure generation service by making purchases from","bbox":{"left":0.117647,"top":0.332833,"width":0.7248509999999999,"height":0.020212000000000008}},{"text":"wholesale suppliers through a competitive bidding process.","bbox":{"left":0.117647,"top":0.367682,"width":0.464636,"height":0.020212000000000008}},{"text":"The law specifies that once a utility","bbox":{"left":0.592088,"top":0.367682,"width":0.278679,"height":0.020212000000000008}},{"text":"operates under an approved market rate offer, the utility can never return to an electric security","bbox":{"left":0.117647,"top":0.40253,"width":0.7435510000000001,"height":0.020212000000000008}},{"text":"plan.","bbox":{"left":0.117647,"top":0.437379,"width":0.038681999999999994,"height":0.020212000000000008}},{"text":"For an electric security plan, the law does not specify how generation pricing is to be","bbox":{"left":0.166137,"top":0.437379,"width":0.666648,"height":0.020212000000000008}},{"text":"determined.","bbox":{"left":0.117647,"top":0.472227,"width":0.093059,"height":0.020212000000000008}},{"text":"But the plan can include distribution charges in addition to generation, unlike the","bbox":{"left":0.22052,"top":0.472227,"width":0.6355569999999999,"height":0.020212000000000008}},{"text":"market offer that is limited to generation.","bbox":{"left":0.117647,"top":0.507076,"width":0.322926,"height":0.020212000000000008}},{"text":"To date, market rate offers have been proposed but not implemented.","bbox":{"left":0.117647,"top":0.576697,"width":0.5409899999999999,"height":0.020212000000000008}},{"text":"Recently approved electric","bbox":{"left":0.668416,"top":0.576697,"width":0.21039799999999997,"height":0.020212000000000008}},{"text":"security plans have included a market auction as one component of the electric security plan.","bbox":{"left":0.117647,"top":0.611545,"width":0.7279610000000001,"height":0.020212000000000008}},{"text":"That is somewhat like having a market rate offer in an electric security plan.","bbox":{"left":0.117647,"top":0.646394,"width":0.5978209999999999,"height":0.020212000000000008}},{"text":"Having a market auction within an electric security plan has provided lower generation prices to","bbox":{"left":0.117647,"top":0.716091,"width":0.754667,"height":0.020212000000000008}},{"text":"customers.","bbox":{"left":0.117647,"top":0.750939,"width":0.08435900000000002,"height":0.020212000000000008}},{"text":"But the approach has also required Ohioans to pay for additional charges that were","bbox":{"left":0.211824,"top":0.750939,"width":0.648618,"height":0.020212000000000008}},{"text":"approved as part of the electric security plan.","bbox":{"left":0.117647,"top":0.785788,"width":0.352899,"height":0.020212000000000008}},{"text":"All of Ohio’s electric distribution companies","bbox":{"left":0.480376,"top":0.785788,"width":0.3511709999999999,"height":0.020212000000000008}},{"text":"except Dayton Power & Light are either operating under an electric security plan with a market","bbox":{"left":0.117647,"top":0.820636,"width":0.747682,"height":0.020212000000000008}},{"text":"auction or have a pending proposal to do so.","bbox":{"left":0.117647,"top":0.855485,"width":0.346804,"height":0.020212000000000008}},{"text":"2","bbox":{"left":0.495098,"top":0.944197,"width":0.00980399999999998,"height":0.020212000000000008}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}