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testimony

The Public Utilities Commission of Ohio denied on Thursday the price stabilization rider attached to Duke Energy Ohio’s proposed electric security plan, holding with Synapse and with numerous other intervenors concerned that the rider could be detrimental to ratepayers. Synapse associate Sarah Jackson testified in October 2014 that the rider—which would pass on the net costs or benefits associated with the sale of generation from Duke’s Ohio Valley Electric Corporation (OVEC) assets into the PJM market to its customers—could cost consumers millions through 2024.

On February 27, Bruce Biewald, Synapse founder and CEO, testified at a House Energy and Power Subcommittee hearing on “Benefits of and Challenges to Energy Access in the 21st Century: Electricity.” Mr. Biewald spoke about the practice of estimating a future CO2 price in electric utility planning, which is becoming increasingly common in the United States. 

Bruce Biewald