PUCO establishes interim rates for Youngstown Thermal
COLUMBUS, OHIO (April 25, 2018) – The Public Utilities Commission of Ohio (PUCO) today approved a request from Youngstown Thermal to implement interim rates for heating and cooling services.
The new rates replace the current usage based charges with a fixed monthly customer charge and usage based rates. The rates enacted today allow Youngstown Thermal the opportunity to recover a monthly budget amount and be less dependent on seasonal usage.
Youngstown Thermal’s new rates are effective immediately, and the utility is directed to notify its customers within 30 days.
The Commission also noted that interim rates are not a permanent solution, and recognized the receiver should be in the process of preparing to file a distribution rate case with the PUCO to establish long-term rates.
On June 30, 2017, the Commission issued a finding and order concluding Youngstown Thermal could not ensure adequate service to its customers and was in imminent danger of insolvency, and sought the appointment of a receiver to ensure continued delivery of utility services to Youngstown Thermal’s customers.
On Aug. 1, 2017, the Mahoning County Court of Common Pleas placed Youngstown Thermal into receivership.
On Aug. 2, 2017, the Commission ordered an emergency surcharge to be in place to ensure Youngstown Thermal’s ability to provide continued service to downtown Youngstown.
On Dec. 20, 2017, the Commission suspended the collection of the emergency surcharge at the request of the receiver.
On April 11, 2018, the receiver filed proposed tariffs with the PUCO to adjust Youngstown Thermal’s rates to include both usage based and a fixed customer charge.
A copy of today’s Commission find and order is available on the PUCO website at www.PUCO.ohio.gov. Click on the link to the Docketing Information System and enter case 17-1534-HC-UNC in the search field.
The Public Utilities Commission of Ohio (PUCO) is the sole agency charged with regulating public utility service. The role of the PUCO is to assure all residential, business and industrial consumers have access to adequate, safe and reliable utility services at fair prices while facilitating an environment that provides competitive choices. Consumers with utility-related questions or concerns can call the PUCO Call Center at (800) 686-PUCO (7826) and speak with a representative.
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