June 8, 2012

Update:  On June 6, 2012, the PUCO granted IEU-Ohio’s application for rehearing for additional consideration regarding the PUCO’s April 11 Entry. IEU-Ohio’s argument was that, although the PUCO properly ordered Ohio Power (“OP”) to credit against the balance of deferred fuel costs all of the benefits OP received from a settlement agreement with one of its coal suppliers, the PUCO improperly limited the credit to amounts not allocable to wholesale and non-Ohio retail jurisdictions. In other words, the PUCO ‘^ In its Entry on Rehearing, the stated that the 2009 FAC under-recovery need only be credited for the share of the settlement agreement allocable to Ohio’s retail jurisdictional customers. The PUCO determined that IEU-Ohio provided sufficient reason to warrant further consideration of the issue presented.

Additionally, today, AEP-Ohio filed notice of an appeal to the Ohio Supreme Court of the PUCO’s decision directing OP to credit the benefits of the settlement to the deferred fuel balance.