The OELC, along with the Ohio Consumers’ Counsel and several other consumer and environmental advocates, has just signed a settlement agreement with AEP Ohio—signing off on the company’s plan to comply with the efficiency and peak demand reduction requirements established by S.B. 221. The plan has been filed and is now awaiting approval by the PUCO.
AEP’s plan involves public education about how to save energy and incentives for businesses to under take more efficiency programs. S.B. 221 requires utilities to implement energy efficiency programs to meet than annual efficiency benchmarks established by the law. The energy efficiency achieved by AEP’s plan alone could result in a net loss of 6 million tons of CO2 between 2009 and 2011.
The most impressive numbers though may be the cost-benefit figures: a $162 million cost for an estimated $630 million in savings for customers.
This a good plan, and AEP should be applauded for moving quickly to implement the requirements of S.B. 221. But there’s still a lot of work left to do to enforce S.B. 221–and to ensure that Ohio reaps the economic and environmental benefits of the law. The OELC will continue to keep a close watch to make sure other utilities fully comply with Ohio’s energy efficiency and renewable laws.