The document summarizes updates on electricity and natural gas rates and providers in Ohio. FirstEnergy held an auction to determine default generation rates, which will drop around 1.5% next June. Natural gas prices on the NYMEX fell in October. The document also discusses AEP eliminating improper charges and its proposed new rate plan still under review, with current rates remaining until an approval after January 2012.
The document provides updates on (1) natural gas and electricity rates, (2) proposed rate changes from AEP-Ohio, and (3) upcoming energy efficiency events. Natural gas prices have fallen recently while electricity rates face uncertainty due to pending rate proposals. The newsletter urges customers to consider opportunities to reduce costs through shopping for generation suppliers or energy efficiency programs.
The newsletter provides updates on energy rates and programs from various utility companies:
1) FirstEnergy has put lighting rebates for large C&I customers on hold due to budget limitations, but may resume them once approval is received. AEP-Ohio rates are expected to increase by at least 1 cent per kWh.
2) Both CSP and OP have proposed new rate plans effective January 2012 pending PUCO approval, which may provide savings for switching suppliers once finalized.
3) The newsletter welcomes new MICA team members and provides information on upcoming energy conferences and reviewing natural gas contracts for winter heating season savings.
Supplier Relationship Management practices on corporate performance in the ke...Gabriel Lubale
This document discusses supplier relationship management (SRM) practices at Kenya Power and their effect on corporate performance in Kenya's energy sector. It provides background on Kenya Power and describes its main electricity suppliers as well as challenges like inadequate supply and high costs. SRM practices at Kenya Power are examined through an analysis of power purchase agreements and perceptions within Kenya Power divisions. Corporate performance is measured using consumer satisfaction surveys. The results suggest Kenya Power needs strong partnerships with suppliers to overcome challenges and build long-term collaborative relationships to help stabilize supply and costs. However, perceptions of relationships differ within the company's divisions, impacting its business performance.
The document discusses energy spending by residents in Petaluma, CA, noting that the average household spends $1600 per year on utilities and $2900 per year on gasoline. It also notes that the total utility bill for all homes in Petaluma is $39 million, total gasoline expense is $72 million, and total energy spending is $111 million. The document suggests that if residents adopted various energy savings measures like buying more efficient cars, installing solar panels, upgrading appliances, and using smart thermostats, it could result in annual energy savings of $7.4 million for residents and increase local retail spending and jobs.
PPL Corporation has evolved from PPL in the 1920s to become a diversified global energy company with operations in the United States, United Kingdom, and Latin America. It generates electricity through power plants in the Northeast and Western US, sells electricity in key US markets, and delivers energy to customers in multiple countries. PPL is made up of different business units including PPL Electric Utilities, PPL Generation, PPL EnergyPlus, PPL Global, and has expanded its US operations through acquisitions in several states totaling over 9,000 megawatts of generation capacity.
2016-2018 Energy Efficiency Plan PresentationCapeLightEnergy
The document outlines Cape Light Compact's proposed 3-year Energy Efficiency Plan from 2016 to 2018. It proposes expanding existing residential, low-income, commercial, and industrial energy efficiency programs. If approved, the plan would increase average monthly bills by $1.69 for residential customers but yield over $126 million in energy efficiency programs and savings for the region.
This document provides an overview and summary of Ameren Corporation's financial condition and results of operations. Some key points:
- Ameren is a public utility holding company with rate-regulated electric, gas, and non-rate regulated generation subsidiaries operating in Missouri and Illinois.
- In 2003, Ameren acquired CILCORP, adding over 200,000 electric and gas customers. Ameren also plans to acquire Illinois Power, adding over 1 million more customers, pending regulatory approval.
- Ameren's 2003 net income was positively impacted by the CILCORP acquisition, higher power prices on interchange sales, and cost reductions. This was partially offset by cooler weather reducing sales and an electric rate reduction in
With moratorium for natural gas in place for a good portion of Cape Cod, Cape Light Compact has been working with several agencies to come up eith efficient heating options.
The document provides updates on (1) natural gas and electricity rates, (2) proposed rate changes from AEP-Ohio, and (3) upcoming energy efficiency events. Natural gas prices have fallen recently while electricity rates face uncertainty due to pending rate proposals. The newsletter urges customers to consider opportunities to reduce costs through shopping for generation suppliers or energy efficiency programs.
The newsletter provides updates on energy rates and programs from various utility companies:
1) FirstEnergy has put lighting rebates for large C&I customers on hold due to budget limitations, but may resume them once approval is received. AEP-Ohio rates are expected to increase by at least 1 cent per kWh.
2) Both CSP and OP have proposed new rate plans effective January 2012 pending PUCO approval, which may provide savings for switching suppliers once finalized.
3) The newsletter welcomes new MICA team members and provides information on upcoming energy conferences and reviewing natural gas contracts for winter heating season savings.
Supplier Relationship Management practices on corporate performance in the ke...Gabriel Lubale
This document discusses supplier relationship management (SRM) practices at Kenya Power and their effect on corporate performance in Kenya's energy sector. It provides background on Kenya Power and describes its main electricity suppliers as well as challenges like inadequate supply and high costs. SRM practices at Kenya Power are examined through an analysis of power purchase agreements and perceptions within Kenya Power divisions. Corporate performance is measured using consumer satisfaction surveys. The results suggest Kenya Power needs strong partnerships with suppliers to overcome challenges and build long-term collaborative relationships to help stabilize supply and costs. However, perceptions of relationships differ within the company's divisions, impacting its business performance.
The document discusses energy spending by residents in Petaluma, CA, noting that the average household spends $1600 per year on utilities and $2900 per year on gasoline. It also notes that the total utility bill for all homes in Petaluma is $39 million, total gasoline expense is $72 million, and total energy spending is $111 million. The document suggests that if residents adopted various energy savings measures like buying more efficient cars, installing solar panels, upgrading appliances, and using smart thermostats, it could result in annual energy savings of $7.4 million for residents and increase local retail spending and jobs.
PPL Corporation has evolved from PPL in the 1920s to become a diversified global energy company with operations in the United States, United Kingdom, and Latin America. It generates electricity through power plants in the Northeast and Western US, sells electricity in key US markets, and delivers energy to customers in multiple countries. PPL is made up of different business units including PPL Electric Utilities, PPL Generation, PPL EnergyPlus, PPL Global, and has expanded its US operations through acquisitions in several states totaling over 9,000 megawatts of generation capacity.
2016-2018 Energy Efficiency Plan PresentationCapeLightEnergy
The document outlines Cape Light Compact's proposed 3-year Energy Efficiency Plan from 2016 to 2018. It proposes expanding existing residential, low-income, commercial, and industrial energy efficiency programs. If approved, the plan would increase average monthly bills by $1.69 for residential customers but yield over $126 million in energy efficiency programs and savings for the region.
This document provides an overview and summary of Ameren Corporation's financial condition and results of operations. Some key points:
- Ameren is a public utility holding company with rate-regulated electric, gas, and non-rate regulated generation subsidiaries operating in Missouri and Illinois.
- In 2003, Ameren acquired CILCORP, adding over 200,000 electric and gas customers. Ameren also plans to acquire Illinois Power, adding over 1 million more customers, pending regulatory approval.
- Ameren's 2003 net income was positively impacted by the CILCORP acquisition, higher power prices on interchange sales, and cost reductions. This was partially offset by cooler weather reducing sales and an electric rate reduction in
With moratorium for natural gas in place for a good portion of Cape Cod, Cape Light Compact has been working with several agencies to come up eith efficient heating options.
The document provides updates on (1) natural gas and electricity rates, (2) proposed rate changes from AEP-Ohio, and (3) upcoming energy efficiency events. Natural gas prices have fallen recently while electricity rates face uncertainty due to pending rate proposals. The newsletter also welcomes a new member and recaps discussions at the Governor's Energy Summit on shale gas impacts.
The newsletter provides updates on electricity and natural gas rates from FirstEnergy and AEP Ohio. It also discusses how one customer significantly reduced household electricity usage by replacing incandescent bulbs with LEDs, saving an estimated $38,300 over the bulbs' lifetime. Additional events and strategies for mitigating rate increases are also mentioned.
The newsletter provides updates on energy rates and programs from various utility companies:
1) FirstEnergy has put lighting rebates for large C&I customers on hold due to budget limitations, but may resume them once approval is received. AEP-Ohio rates are expected to increase by at least 1 cent per kWh.
2) Both CSP and OP have proposed new rate plans effective January 2012 pending PUCO approval, which may provide savings for switching suppliers once finalized.
3) The newsletter welcomes new MICA team members and provides information on upcoming energy conferences and reviewing natural gas contracts for winter heating season savings.
1) The PUCO issued an order modifying and approving AEP-Ohio's electric security plan and distribution rate case, and approving the merger of Ohio Power and Columbus Southern Power to form AEP-Ohio.
2) Natural gas prices on the NYMEX ended December down 8% from November, affecting the price to beat for DEO and Columbia Gas of Ohio customers.
3) The newsletter provides tips for DEO natural gas customers and announces Brakey Energy's new mailing address and phone number.
Switch Energy is an energy consulting firm that assists non-residential customers in navigating deregulated energy markets and securing competitive energy rates. They analyze each client's energy usage and bills to identify savings opportunities against fluctuating market rates. Switch Energy representatives guide clients through a simple process of rate analysis, provider matching, and contract approval to lock in guaranteed fixed rates estimated to save 15-50% off current costs over 3 years.
Skyrocketing capacity costs for FirstEnergy-Ohio customers will significantly increase electricity prices beginning in 2015. Capacity costs, which ensure sufficient electricity can be generated to meet peak demand, will increase nearly 700% by June 2015 and over 1700% by June 2016 for FirstEnergy-Ohio customers. This dramatic rise is due to coal plant retirements reducing available generation in the region. Customers with low load factors, whose electricity usage does not coincide with peak periods, will face especially high capacity costs, with some seeing costs rise to over 7 cents per kWh. The report provides recommendations for customers to mitigate these costs including installing interval meters, curtailing usage during peak periods, and shifting load to natural gas processes.
ElectricityMatch.com provides an overview of electric utility fuel sources and prices in the United States. It finds that while natural gas generation has increased due to lower emissions, coal still accounts for about half of all generation. Natural gas prices are more volatile than stable coal prices. Overall, average retail electric prices have steadily increased in recent decades. Renewable energy makes up a small and growing and share of generation. Rapidly phasing out coal may significantly increase electric prices unless alternatives can reasonably replace it without major rate changes.
AEP-Ohio received approval from the PUCO for its electric security plan and distribution rate case. The order modified the settlement to remove some base generation rate increases and approved caps on the share of customers that can contract with alternative suppliers through 2014. The PUCO also approved setting standard service offer rates through a competitive bidding process starting in 2015.
The NYMEX natural gas settlement price fell in December, lowering the price to beat for DEO and Columbia Gas customers. The summary recommends that DEO customers check their bills to ensure they are on the correct natural gas rate plan.
AEP-Ohio received approval from the PUCO for its electric security plan and distribution rate case. The order modified the settlement to remove some base generation rate increases and approved caps on the share of customers that can contract with alternative suppliers through 2014. The PUCO also approved setting standard service offer rates through a competitive bidding process starting in 2015.
The NYMEX natural gas settlement price fell in December, lowering the price to beat for DEO and Columbia Gas customers. The summary recommends that DEO customers check their bills to ensure they are on the correct natural gas rate plan.
This document summarizes Warner Baxter's presentation at the Edison Electric Institute Financial Conference in November 2007. The presentation discusses Ameren Corporation's regulated utility operations in Missouri and Illinois, non-regulated generation business, 2007 earnings guidance, challenges and opportunities going forward. It provides details on a comprehensive $1 billion electric rate settlement in Illinois that resolves significant regulatory uncertainty. Missouri also received favorable electric and gas rate orders.
This document provides an overview of Ireland's electricity market and bills, including how power station prices are set half-hourly and impact variable consumer charges. It also discusses factors influencing the Public Service Obligation levy, outlook for weak global energy prices, trends in Irish wholesale electricity prices, and services offered by SmartPower to help businesses optimize electricity procurement and generation.
This document discusses electricity bills and demand charges for commercial customers. It makes three main points: 1) There are three ways to lower electric costs: reduce usage, shift to off-peak times, and negotiate rates. 2) Commercial rates differ from residential in that they are based on both usage and demand. 3) Demand charges, which utilities use to make money, are based on peak usage and can significantly increase bills. Understanding demand charges is key to controlling costs.
Legislative Staff Briefing: Update on the Electric Market in Texasaectnet
This document provides an update on the competitive electric market in Texas. It discusses how the market is structured, key factors influencing prices like natural gas volatility, and how prices have trended over time. It also reviews generation investment, renewable energy development, advanced metering activities, benefits for low-income customers, and other regulatory updates. The overall summary is that competition has generally helped to place downward pressure on prices while still ensuring reliable electricity supply.
Fundamentals of the Power Grid and Electricity PricingEnergyCAP, Inc.
Do you know the "rules of the road" for electric grid operation, pricing, and tariffs?
This presentation discusses grid operations, electricity markets, energy pricing, and grid planning including:
- structure of the national U.S. electrical power grid
- functions of grid operators
- wholesale electricity markets and how they work
- components of your electricity costs
Brought to you by EnergyCAP, Inc., publishers of the best selling energy management software for over 30 years.
John Dalton of Power Advisory LLC presented at the 7th Annual Atlantic Canada Power Summit on opportunities in the New England power market. The presentation covered:
1) The Maritime electricity market has limited need for new capacity until 2015 but opportunities exist to export renewable energy to meet New England's growing renewable portfolio standards.
2) While the New England energy market price is influenced by low natural gas prices, renewable energy prices are supported by renewable energy certificates and policies promoting low-carbon generation.
3) With transmission constraints limiting local renewable development and strong renewable energy demand driven by policies, there is potential for Maritime renewable exports to the New England market.
This document summarizes a briefing presented to the Hawaii Senate Committees on Commerce & Consumer Protection and Energy & Environment on factors affecting Hawaii electricity rates. It discusses:
- Hawaii consumers pay some of the highest electricity rates in the nation due to reliance on imported oil for generation.
- Electricity rates recently decreased slightly due to falling oil prices but are predicted to rise again over the long term.
- The Consumer Advocate pushes for renewable energy and energy efficiency to reduce dependence on oil but also wants to keep current rates low.
- The Advocate scrutinizes utility spending and investments, argues for lower power purchase agreement prices and fixed-price fuel contracts, and supports on-bill financing for solar and
The document provides an overview of a conference call supplement from Ameren regarding regulatory updates and earnings guidance. Key points include:
1) Ameren reached a major settlement in Illinois that provides $488 million in customer rate relief over four years and establishes a new power procurement process, addressing significant legislative and regulatory uncertainty.
2) The Missouri Public Service Commission issued final rate orders providing AmerenUE $43 million in annual electric rates and $6 million in gas rates, extending plant lives and changing accounting methods for favorable financial impacts.
3) Ameren updated 2007 GAAP EPS guidance to $2.80-$3.05 per share, factoring in the impacts of the Illinois settlement, severe winter storms,
Petron Group LLP predicts Energy and fuel prices in the United StatesPetron Group LLP
The document discusses trends in US renewable energy and electricity prices. It notes that in 2014, 67% of US electricity came from fossil fuels like coal and natural gas, but renewable sources like wind and solar are increasing. Electricity prices have risen 42% in the last decade and are projected to continue increasing due to coal plant closures, natural gas price volatility, renewable energy mandates, and other factors. Power outages could become more common as the grid loses capacity and becomes more fragile.
The document discusses two difficulties for energy storage: 1) The energy storage market has not been as robust as predicted due to falling natural gas prices undermining storage applications that compete with gas generation like peak shaving and integrating renewables. 2) Operating bulk energy storage can increase emissions as it replaces clean with dirty electricity and has transmission losses. The author models a bulk storage device in various locations and finds net CO2 emissions are significant while NOx and SO2 emissions vary widely but can be large. Falling gas prices have made energy storage uneconomic for applications that compete with gas generation.
The document summarizes an investor meeting hosted by Bank of America Securities. It provides an agenda of the meeting and details on Ameren attendees. It also includes regulatory statements, an overview of Ameren as a regional electric and gas utility, highlights of their regulated and non-regulated operations, details of a comprehensive settlement in Illinois, and environmental and financial profiles.
The document provides updates on (1) natural gas and electricity rates, (2) proposed rate changes from AEP-Ohio, and (3) upcoming energy efficiency events. Natural gas prices have fallen recently while electricity rates face uncertainty due to pending rate proposals. The newsletter also welcomes a new member and recaps discussions at the Governor's Energy Summit on shale gas impacts.
The newsletter provides updates on electricity and natural gas rates from FirstEnergy and AEP Ohio. It also discusses how one customer significantly reduced household electricity usage by replacing incandescent bulbs with LEDs, saving an estimated $38,300 over the bulbs' lifetime. Additional events and strategies for mitigating rate increases are also mentioned.
The newsletter provides updates on energy rates and programs from various utility companies:
1) FirstEnergy has put lighting rebates for large C&I customers on hold due to budget limitations, but may resume them once approval is received. AEP-Ohio rates are expected to increase by at least 1 cent per kWh.
2) Both CSP and OP have proposed new rate plans effective January 2012 pending PUCO approval, which may provide savings for switching suppliers once finalized.
3) The newsletter welcomes new MICA team members and provides information on upcoming energy conferences and reviewing natural gas contracts for winter heating season savings.
1) The PUCO issued an order modifying and approving AEP-Ohio's electric security plan and distribution rate case, and approving the merger of Ohio Power and Columbus Southern Power to form AEP-Ohio.
2) Natural gas prices on the NYMEX ended December down 8% from November, affecting the price to beat for DEO and Columbia Gas of Ohio customers.
3) The newsletter provides tips for DEO natural gas customers and announces Brakey Energy's new mailing address and phone number.
Switch Energy is an energy consulting firm that assists non-residential customers in navigating deregulated energy markets and securing competitive energy rates. They analyze each client's energy usage and bills to identify savings opportunities against fluctuating market rates. Switch Energy representatives guide clients through a simple process of rate analysis, provider matching, and contract approval to lock in guaranteed fixed rates estimated to save 15-50% off current costs over 3 years.
Skyrocketing capacity costs for FirstEnergy-Ohio customers will significantly increase electricity prices beginning in 2015. Capacity costs, which ensure sufficient electricity can be generated to meet peak demand, will increase nearly 700% by June 2015 and over 1700% by June 2016 for FirstEnergy-Ohio customers. This dramatic rise is due to coal plant retirements reducing available generation in the region. Customers with low load factors, whose electricity usage does not coincide with peak periods, will face especially high capacity costs, with some seeing costs rise to over 7 cents per kWh. The report provides recommendations for customers to mitigate these costs including installing interval meters, curtailing usage during peak periods, and shifting load to natural gas processes.
ElectricityMatch.com provides an overview of electric utility fuel sources and prices in the United States. It finds that while natural gas generation has increased due to lower emissions, coal still accounts for about half of all generation. Natural gas prices are more volatile than stable coal prices. Overall, average retail electric prices have steadily increased in recent decades. Renewable energy makes up a small and growing and share of generation. Rapidly phasing out coal may significantly increase electric prices unless alternatives can reasonably replace it without major rate changes.
AEP-Ohio received approval from the PUCO for its electric security plan and distribution rate case. The order modified the settlement to remove some base generation rate increases and approved caps on the share of customers that can contract with alternative suppliers through 2014. The PUCO also approved setting standard service offer rates through a competitive bidding process starting in 2015.
The NYMEX natural gas settlement price fell in December, lowering the price to beat for DEO and Columbia Gas customers. The summary recommends that DEO customers check their bills to ensure they are on the correct natural gas rate plan.
AEP-Ohio received approval from the PUCO for its electric security plan and distribution rate case. The order modified the settlement to remove some base generation rate increases and approved caps on the share of customers that can contract with alternative suppliers through 2014. The PUCO also approved setting standard service offer rates through a competitive bidding process starting in 2015.
The NYMEX natural gas settlement price fell in December, lowering the price to beat for DEO and Columbia Gas customers. The summary recommends that DEO customers check their bills to ensure they are on the correct natural gas rate plan.
This document summarizes Warner Baxter's presentation at the Edison Electric Institute Financial Conference in November 2007. The presentation discusses Ameren Corporation's regulated utility operations in Missouri and Illinois, non-regulated generation business, 2007 earnings guidance, challenges and opportunities going forward. It provides details on a comprehensive $1 billion electric rate settlement in Illinois that resolves significant regulatory uncertainty. Missouri also received favorable electric and gas rate orders.
This document provides an overview of Ireland's electricity market and bills, including how power station prices are set half-hourly and impact variable consumer charges. It also discusses factors influencing the Public Service Obligation levy, outlook for weak global energy prices, trends in Irish wholesale electricity prices, and services offered by SmartPower to help businesses optimize electricity procurement and generation.
This document discusses electricity bills and demand charges for commercial customers. It makes three main points: 1) There are three ways to lower electric costs: reduce usage, shift to off-peak times, and negotiate rates. 2) Commercial rates differ from residential in that they are based on both usage and demand. 3) Demand charges, which utilities use to make money, are based on peak usage and can significantly increase bills. Understanding demand charges is key to controlling costs.
Legislative Staff Briefing: Update on the Electric Market in Texasaectnet
This document provides an update on the competitive electric market in Texas. It discusses how the market is structured, key factors influencing prices like natural gas volatility, and how prices have trended over time. It also reviews generation investment, renewable energy development, advanced metering activities, benefits for low-income customers, and other regulatory updates. The overall summary is that competition has generally helped to place downward pressure on prices while still ensuring reliable electricity supply.
Fundamentals of the Power Grid and Electricity PricingEnergyCAP, Inc.
Do you know the "rules of the road" for electric grid operation, pricing, and tariffs?
This presentation discusses grid operations, electricity markets, energy pricing, and grid planning including:
- structure of the national U.S. electrical power grid
- functions of grid operators
- wholesale electricity markets and how they work
- components of your electricity costs
Brought to you by EnergyCAP, Inc., publishers of the best selling energy management software for over 30 years.
John Dalton of Power Advisory LLC presented at the 7th Annual Atlantic Canada Power Summit on opportunities in the New England power market. The presentation covered:
1) The Maritime electricity market has limited need for new capacity until 2015 but opportunities exist to export renewable energy to meet New England's growing renewable portfolio standards.
2) While the New England energy market price is influenced by low natural gas prices, renewable energy prices are supported by renewable energy certificates and policies promoting low-carbon generation.
3) With transmission constraints limiting local renewable development and strong renewable energy demand driven by policies, there is potential for Maritime renewable exports to the New England market.
This document summarizes a briefing presented to the Hawaii Senate Committees on Commerce & Consumer Protection and Energy & Environment on factors affecting Hawaii electricity rates. It discusses:
- Hawaii consumers pay some of the highest electricity rates in the nation due to reliance on imported oil for generation.
- Electricity rates recently decreased slightly due to falling oil prices but are predicted to rise again over the long term.
- The Consumer Advocate pushes for renewable energy and energy efficiency to reduce dependence on oil but also wants to keep current rates low.
- The Advocate scrutinizes utility spending and investments, argues for lower power purchase agreement prices and fixed-price fuel contracts, and supports on-bill financing for solar and
The document provides an overview of a conference call supplement from Ameren regarding regulatory updates and earnings guidance. Key points include:
1) Ameren reached a major settlement in Illinois that provides $488 million in customer rate relief over four years and establishes a new power procurement process, addressing significant legislative and regulatory uncertainty.
2) The Missouri Public Service Commission issued final rate orders providing AmerenUE $43 million in annual electric rates and $6 million in gas rates, extending plant lives and changing accounting methods for favorable financial impacts.
3) Ameren updated 2007 GAAP EPS guidance to $2.80-$3.05 per share, factoring in the impacts of the Illinois settlement, severe winter storms,
Petron Group LLP predicts Energy and fuel prices in the United StatesPetron Group LLP
The document discusses trends in US renewable energy and electricity prices. It notes that in 2014, 67% of US electricity came from fossil fuels like coal and natural gas, but renewable sources like wind and solar are increasing. Electricity prices have risen 42% in the last decade and are projected to continue increasing due to coal plant closures, natural gas price volatility, renewable energy mandates, and other factors. Power outages could become more common as the grid loses capacity and becomes more fragile.
The document discusses two difficulties for energy storage: 1) The energy storage market has not been as robust as predicted due to falling natural gas prices undermining storage applications that compete with gas generation like peak shaving and integrating renewables. 2) Operating bulk energy storage can increase emissions as it replaces clean with dirty electricity and has transmission losses. The author models a bulk storage device in various locations and finds net CO2 emissions are significant while NOx and SO2 emissions vary widely but can be large. Falling gas prices have made energy storage uneconomic for applications that compete with gas generation.
The document summarizes an investor meeting hosted by Bank of America Securities. It provides an agenda of the meeting and details on Ameren attendees. It also includes regulatory statements, an overview of Ameren as a regional electric and gas utility, highlights of their regulated and non-regulated operations, details of a comprehensive settlement in Illinois, and environmental and financial profiles.
1. MICA Newsletter November 2011
FirstEnergy Update Natural Gas Update
FirstEnergy’s generation rate plan provides for a series The NYMEX settlement price at the end of October
six auctions to determine the default generation rates was $3.524 per thousand cubic feet (Mcf), down 6%
for the 3-year period beginning on June 1, 2011. On from $3.759 at the end of September. For Dominion
th
Tuesday, October 25 , the third auction was held. This East Ohio commercial and residential customers under
auction secured tranches to provide generation supply Choice, the price to beat is NYMEX plus $1, or $4.524
for the period from June 2012 to May 2014. The per Mcf in November. Columbia Gas of Ohio’s price to
auction cleared at a price of $52.83 per megawatt hour beat is NYMEX plus $0.188 per hundred cubic feet
(MWH), which is about 10% lower than the clearing (CCF), or $0.5404 per CCF for November.
prices in the auction that was held in January 2011.
After this result is averaged with the prior tranches, the One Mcf of natural gas is approximately equal to 300
default rates will drop by about 1.5% next June. kWh of electricity. At a burner tip price (including
delivery, taxes, and riders, as well as the natural gas
Note that this average wholesale price will be itself) of $7 per Mcf, electricity would have to cost less
converted to retail rates by the three FirstEnergy than 2.4¢/kWh to match it. We recommend that you
utilities and will vary by rate schedule and season. If consider the possibility of switching some heating or
you have contracted with a retail electric supplier for processing from electricity to natural gas.
generation services, this result will only impact the
amount of your savings.
Welcome to our new MICA member
Olmsted Ice
Olmsted Township, Ohio
Competitiveness of Ohio Utilities
In the past, FirstEnergy’s electric rates were not only
th
the highest in Ohio but also in the top 20 percentile of
the United States. At the same time, American Electric CALENDAR OF EVENTS
Power’s rates were not only the lowest in Ohio, but
they were also typically some of the lowest in the YOUR ENERGY BILL: MANAGING COST, ACHIEVING
country. While the costs for FirstEnergy customers EFFICIENCY
have fallen over the last 5 years due to open-market NEWBURY BUSINESS PARK
competition, AEP’s Ohio Power rates have increased
12373 KINSMAN ROAD, NEWBURY
74% and Columbus Southern Power rates have
increased 64% since 2004. NOVEMBER 9, 2011, 8:00 A.M. TO 10:30 A.M.
This is a complimentary event for businesses in Geauga
County sponsored by the Geauga Growth Partnership
FirstEnergy customers now have an electric cost
and Brakey Energy. Continental breakfast included.
advantage over their competitors in AEP territory. AEP Register at info@geaugagrowth.com or 440-564-1060.
is requesting an increase in rates and provisions that
would prevent its customers from seeking relief through 16TH ANNUAL OHIO ENERGY MANAGEMENT
generation shopping. On behalf of MICA members CONFERENCE
served by AEP, IEU-Ohio continues challenging AEP THE COLUMBUS RENAISSANCE HOTEL
before both the PUCO and Ohio courts to open up 50 NORTH THIRD STREET, COLUMBUS
generation competition and to keep electric rates fair
FEBRUARY 21-22, 2012
and reasonable throughout Ohio. Contact us if you
See www.mecseminars.com for more information.
have any questions about your situation.
2. 3309 Glencairn Road, Shaker Heights, Ohio 44122 (216) 751-1758
AEP-Ohio Update
Provider of Last Resort (POLR) Charges
AEP-Ohio’s electric rates include a Provider of Last Resort (POLR) charge that was intended to compensate
AEP for the risk of both customer migration to retail electric suppliers and customers returning to AEP for
generation services. Several parties, including the Industrial Energy Users – Ohio, challenged this charge in
court. In April, the Ohio Supreme Court directed the Public Utilities Commission of Ohio (PUCO) to reconsider
the appropriateness of the POLR charge. The PUCO recently determined that the POLR charges are not
appropriate. The PUCO directed AEP to refund the amount of POLR charges collected since June of 2011 by
credits on customer bills beginning in November.
Rate Proposal
Columbus Southern Power (CSP) and Ohio Power (OP) have proposed new rate plans to be effective on
January 1, 2012. Testimony is ongoing before the Public Utilities Commission of Ohio (PUCO). IEU-Ohio is
providing testimony on behalf of its members, including all MICA members.
The PUCO’s POLR-eliminating decision has impacted AEP’s Electric Security Plan (ESP) generation rate
proposal. The PUCO must find that the ESP is better in the aggregate for consumers than a Market Rate
Option (MRO) before the PUCO can approve an ESP. The elimination of the POLR charge causes the ESP
versus MRO test to fail.
th
On Monday, October 24 , a settlement was reached in a Duke Energy Ohio ESP case. This settlement is very
different from the settlement that was proposed for the AEP case and could highlight some problems with that
settlement. The PUCO could point to provisions in the Duke settlement for purposes of modifying the AEP
proposal.
The current rates will stay in effect until a final rate plan is approved by the PUCO. It is highly likely that a new
rate plan will not take effect until sometime after January 1, 2012. Contact us if you have any questions about
your situation.
The Brakey Energy Team
2