SEET - significantly excessive earnings test for electric distribution utilities
Ohio Revised Code Section 4928.14 requires Ohio electric utilities to provide consumers with a standard service offer consisting of either a market-rate offer (MRO) or an electric security plan (ESP). Pursuant to Ohio Revised Code Sections 4928.142(D)(4) and 4928.143(E) and (F), the PUCO is required to evaluate the earnings of each electric utility’s approved ESP or MRO to determine whether the plan or offer produces significantly excessive earnings for the electric utility. See case no. 09-786-EL-UNC for the PUCO's development of a significantly excessive earnings test for electric utilities.