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Chair seeks faster rate orders and forward-looking test years to spur utility investment
Summary
Chair Wilkin presented SB 103 to adopt forward-looking test years in rate cases and tighten PUCO timelines to reduce regulatory lag, allow utilities to recover costs as they are incurred, and create clear criteria for investment in large-load customer infrastructure. The committee held a first hearing and asked no questions during the session.
Chair Wilkin presented sponsor testimony on Senate Bill 103 in the Senate Public Utilities Committee, saying the bill would modernize Ohio’s regulatory framework to attract investment and support natural gas infrastructure for large-load customers such as data centers.
Wilkin said SB 103 would allow forward-looking test years in both rate cases and riders so utilities can recover costs as they are incurred, reduce regulatory lag by changing the time frame for PUCO rate case orders while providing certainty when the PUCO misses statutory deadlines, and establish objective criteria for approving utility investments that serve large-load customers. The bill also seeks to ensure utilities can recover mandated compliance costs while preserving protections that credit customers for large-load system use.
Wilkin framed the bill as necessary to keep Ohio competitive with neighboring states and to help utilities secure capital to meet increasing regulatory requirements and reliability needs. The committee took this testimony at a first hearing and did not take further action during the session.
