Update: OMA and several other intervening parties reached a settlement to implement Duke’s comprehensive energy efficiency and peak demand reduction (EE/PDR) portfolio, effective from 2017 through 2019. OMA successfully negotiated a shared savings cap and tiered incentive levels. OMA also obtained language to prohibit Duke from collecting shared savings on banked savings, and to initiate a CHP program with positive incentives. OMA further obtained funding for energy efficiency programs in the amount of $50,000 per year. Both PUCO Staff and OCC are challenging the plan proposing the adoption of a cost cap for program costs and additional limitations on shared savings incurred through Duke’s energy efficiency portfolio plan. OMAEG does not oppose a cost cap or additional limitations on the amount of profit that Duke may earn. The hearing is scheduled for February 27, 2017.