Update: Hearings concluded this week regarding the settlement reached for Duke’s energy efficiency and peak demand reduction (EE/PDR) portfolio, effective from 2017 through 2019. Both PUCO Staff and the Office of the Ohio Consumers’ Counsel opposed the settlement, arguing that the PUCO should adopt a cost cap for program costs and additional limitations on shared savings incurred through Duke’s energy efficiency portfolio plan. OMA agreed to the settlement in exchange for 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. OMA does not oppose a cost cap or additional limitations on the amount of profit that Duke may earn. Briefing is underway.