Case No. 2011-0751 In the Matter of the Application of Columbus Southern Power Company and Ohio Power Company for Administration of the Significantly Excessive Earnings Test under Section 4928.143(F), Revised Code, and Rule 4901:1-35-10, Ohio Adminis

 

Date

03-21-2012

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00:55:48

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Did Public Utilities Commission Follow Law When Calculating AEP Companies' 'Excessive Earnings'?

Customer Groups Argue Improper Earnings Comparison Reduced Refunds

In the Matter of the Application of Columbus Southern Power Company and Ohio Power Company for Administration of the Significantly Excessive Earnings Test under Section 4928.143(F), Revised Code, and Rule 4901:1-35-10, Ohio Administrative Code, Case no. 2011-0751
Appeal from order of the Public Utilities Commission of Ohio

ISSUE: In calculating whether the electric service rates that Columbus Southern Power Company (CSP) and Ohio Power Company (OP) charged their customers in 2009 resulted in “significantly excessive earnings” that must be refunded to ratepayers, did the Public Utilities Commission of Ohio (PUCO) act contrary to law in conducting a required comparison of those companies’ earnings on equity against the earnings of other utilities and comparable businesses?
 
 
TimeTitle
00:00:53Frank P. Darr for the Industrial Energy Users of Ohio
00:14:27Michael L. Kurtz for the Ohio Energy Group
00:22:11Maureen R. Grady for the Office of Consumers Counsel
00:29:19Steven T. Nourse for AEP and Columbus Southern Power Co.
00:45:04Thomas W. McNamee for the PUCO