In re Fuel Adjustment Clauses for Columbus S. Power Co. & Ohio Power Co. (Slip Opinion)

Summary

{¶ 1} In 2009, the Public Utilities Commission approved the first electric security plan (“ESP”) for the American Electric Power operating companies, Columbus Southern Power Company and Ohio Power Company (hereafter referred to jointly as “AEP” or the “companies”). This ESP was in effect from 2009 through 2011.

{¶ 2} As part of the ESP, the commission approved a fuel-adjustment clause (“FAC”), which allowed the companies to recover fuel costs for providing generation service as those costs were incurred, without having to file a new rate case. The FAC operates as a separate charge from…