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Committee hears contested changes to rate-making: shot clock, forecasted test year and mini rate cases draw concern
Summary
Witnesses debated SB2 provisions that would impose a 275‑day decision deadline for PUCO rate orders, allow forecasted test years, eliminate the date‑certain asset valuation and create 'mini' rate cases for economic development — with consumer advocates warning of risks and industry urging faster decisions.
Senate Bill 2 would overhaul Ohio rate‑making practice, and witnesses at the committee hearing offered competing views on how far to go.
The bill sets a 275‑day deadline for the Public Utilities Commission of Ohio to issue rate orders — a change multiple proponents called necessary to reduce Ohio’s regulatory lag. Supporters including the Ohio Business Roundtable and Ohio Manufacturers Association said long delays (they cited an average of roughly 17 months) inflate costs; Alexandra Dunne of the Ohio Business Roundtable said faster decisions would help attract generation investment.
Consumer advocates applauded the shot clock but warned against…
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