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Ohio GOP sponsors pitch HB 142 to shorten PUCO timelines, boost gas infrastructure investment
Summary
Sponsors of House Bill 142 told the House Energy Committee the bill would reduce regulatory lag by adopting forecast test years and shortening the Public Utilities Commission of Ohio's rate-case timeline from 545 days to 365 days. Supporters said the changes would make Ohio more competitive for large-load customers and encourage investment in new,
House Bill 142 would change how Ohio regulates natural gas utilities by allowing forward-looking test years and shortening the timeline for the Public Utilities Commission of Ohio (PUCO) to issue rate-case orders from 545 days to 365 days, sponsors told the House Energy Committee in a first hearing.
Representative Davila, a sponsor, said the bill 22implements forward looking test years22 and 22increases Ohio's regulatory certainty,22 allowing utilities to recover costs when they are incurred and better position the state to attract investment. 22Quite simply, the current process is broken and requires change,22 Davila said.
Representative Fisher, the bill's…
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