Duke Energy Ohio has sought PUCO approval of incorporating into nonbypassable Rider PSR costs/credits associated with the sale of its entitlements in the Ohio Valley Electric Corporation (OVEC) generation

Rider PSR was approved as a "zero" placeholder rider in 2015.

Duke Energy Ohio proposes to continue disposing of the OVEC entitlements in the PJM wholesale energy and capacity markets. Such entitlements would not be used to serve default service supply

As such, costs/credits from OVEC would be assigned to customers via Rider PSR on a nonbypassable basis

Moreover, Duke Energy Ohio proposes to de-link Rider PSR from electric security plan proceedings (where default service is adjudicated) and instead tie Rider PSR's presence to the term of Duke' current agreement with OVEC, which runs through 2040

Tags:
Ohio   Duke Energy Ohio   Long-Term Contracts  

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