Update: On May 28, 2015, the Commission issued an Entry on Rehearing in which the Commission, among other things, deferred ruling on the applications for rehearing of issues related to the PPA Rider in light of pending PJM reform proposals and environmental regulations. The Commission also took the following pertinent actions in its Entry on Rehearing: (1) denied the applications for rehearing requesting that AEP Ohio be permitted to recover the costs associated with the IRP-D through the Economic Development Rider (EDR), rather than the Energy Efficiency/Peak Demand Reduction (EE/PDR) Rider; (2) agreed with OMA Energy Group that AEP Ohio should bid the IRP-D related capacity resources into PJM’s incremental capacity auctions held during the term of the ESP to the extent that such resources have not already been bid by the customer into any of PJM’s BRA for the three delivery years of the ESP term; (3) increased the distribution investment rider (DIR) caps from those granted in its Order ($124 million for 2015, $146.2 million for 2016, $170 for 2017, and $103 million for January through May 2018) to the following: $145 million for 2015, $165 million for 2016, $185 million for 2017, and $86 million for January through May 2018, representing a $37.8 million increase above the total amounts previously authorized for recovery in the Order; and (4) affirmed its finding that the ESP, as modified, is more favorable in the aggregate than the expected results yielded under a market rate offer.
May 29, 2015, Volume 4, Issue 64
05/29/2015