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Senate Energy Committee adopts substitute as working document for SB2; bill would change rate-making, taxes and siting
Summary
The Senate Energy Committee advanced a substitute for Senate Bill 2 as the working document and heard hours of testimony. Utilities warned repeal of electric security plans and the legacy-generation rider could harm investment and customer protections; advocates urged stronger public-input and environmental safeguards.
The Senate Energy Committee on the third hearing adopted a substitute for Senate Bill 2 as the committee's working document and heard opposition and interested-party testimony about sweeping changes to utility rate-making, tax treatment of new generation and project siting rules. Senator Reineke moved to adopt the substitute; the motion was accepted without objection and the substitute will be posted as the working document.
The substitute would remove certain consumer price-billing provisions, authorize nontraditional billing models and flexible payment schedules, and shorten review timelines at the Ohio Power Siting Board for projects where a utility owns the right-of-way. It reduces the tangible personal property (TPP) tax to 25% on new…
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