This week, the Public Utilities Commission of Ohio (PUCO) approved a settlement agreement authorizing AEP Ohio to implement a 4-year electric security plan (ESP), beginning June 1, 2024.
Last week, the Ohio Power Siting Board (OPSB) approved construction of the 800-MW Oak Run Solar Project, which will include 300 MW of battery storage and
The estimated bill impact from this ESP for a residential customer using 1,000 kilowatt hours (kWh) per month is a reduction of $2.71. However, AES Ohio will also implement a previously authorized distribution rate increase frozen during the pendency of this ESP. The net effect is an increase of $5.33 in monthly bills for a 1,000 kWh user.