COLUMBUS, Ohio — American Electric Power in Ohio will be allowed to profit $11 million dollars under an approved settlement rate increase by the PUCO on Monday. That’s far less than the $97 million AEP Ohio had requested, according to a PUCO spokesperson.
“The settlement we’re approving today focuses on utility affordability and ensuring that new data centers are responsible for the costs they impose on the grid, while providing the utility with the tools it needs to focus on system reliability,” stated PUCO Chair Jenifer French.
The Ohio Consumers’ Council said it “applauded the decision of the Public Utilities Commission of Ohio (PUCO) in Case No. 20-1118-EL-RDR rejecting AEP Ohio’s attempt to charge consumers approximately $35 million in unrecovered Legacy Generation Resource (LGR) charges tied to the Ohio Valley Electric Corporation (OVEC) coal plants. In an order issued today, the PUCO denied AEP Ohio’s request to create an accounting deferral that would have allowed the utility to later collect from its consumers under-collected OVEC expenses incurred before the Aug. 14, 2025, repeal of R.C. 4928.148.”…