1. Reregulation: A Second Bite at the Apple
Dave Rinebolt, Executive Director and Counsel
Ohio Partners for Affordable Energy
PO Box 1793, Findlay, OH
419/ * 419/ – FAX *

2. Ohio Partners for Affordable Energy
Meet the Players
Governor & Legislature
Utilities
Industrials
Farm Organizations
Ohio Consumer’s Counsel
Environmental Organizations
Labor
OPAE
Marketers
11-07
Ohio Partners for Affordable Energy

3. Ohio Partners for Affordable Energy
Where We Were
Rates below the national average.
80% coal/20% nuclear.
Nuclear plant cost overruns.
Decent low income programs.
Few efficiency programs.
Almost no renewables or PURPA contracts.
11-07
Ohio Partners for Affordable Energy

4. Ohio Partners for Affordable Energy
Where We Are
Five years of capped rates.
Rate Stabilization Plans – 20-35% increases.
Non-bypassable riders.
Few competitive options.
Two RTOs.
Overwhelming market power.
‘Fall off the cliff’ at the end of 2008.
11-07
Ohio Partners for Affordable Energy

5. Ohio Partners for Affordable Energy
Where We Are Going
Hybrid Regulation.
Electric Security Plans.
Market Option.
Establishing the Baseline.
Efficiency Standard.
Advanced Energy Standard.
RTOs.
Least Cost Planning.
Construction Work in Progress (CWIP).
Single Issue Ratemaking.
11-07
Ohio Partners for Affordable Energy

6. Implementing the Legislation
What is a competitive market?
Adjustments to baseline.
What is least cost planning?
Cost shifting among customer classes.
Establishing the baseline for rates.
Renewables and energy efficiency.
Risks and rewards.
11-07
Ohio Partners for Affordable Energy