The Ohio Senate is now looking over the $69 billion two year state budget bill. Among the many proposals in it, is a change to electric companies and how their profits from ratepayers are regulated.
The version of the budget bill that passed out of the Ohio House is 3,514 pages. Among the more than 107,000 lines is a sentence that has the ability to potentially change the bottom line of your electric bill.
The provision changes what’s known as the Significantly Excessive Earnings Test, or SEET, which is applied to utility companies.