Ohio commission adopts Dayton Power & Light Company electric security plan
The Public Utilities Commission of Ohio (PUCO) recently adopted an agreement that establishes an electric security plan (ESP) for the Dayton Power & Light Company (DP&L), which will determine the standard service offer (SSO) through Oct. 31, 2023.
“Today’s order represents long-term rate stability in that the term of this rate plan is six years,” PUCO Chairman Asim Z. Haque said. “It also includes important provisions for ensuring grid safety and reliability, funding for low-income residential customers, promotes economic development and provides enhancements to the competitive retail marketplace.”
DP&L will continue to use a competitive bidding process to meet the electric demand for its nonshopping customers. The company will recover/credit the net proceeds from selling power from its share of the Ohio Valley Electric Corporation into the regional marketplace through the Reconciliation Rider.
A distribution modernization rider (DMR) will provide DP&L with capital so that can make future investments in grid modernization. The Commission approved recovery on the DMR at $105 million per year for three years.
DP&L will stop collecting its annual $73 million retail stability charge. during the term of the DMR, a residential customer who uses 750 kilowatt hours per month will see a monthly bill increase of $2.92.
DP&L must file final tariffs in compliance with the order as soon as possible. DP&L will also file a comprehensive grid modernization plan by Aug. 1, 2018, for Commission review.
