COLUMBUS, OHIO (Aug. 1, 2017) – Today the Public Utilities Commission of Ohio (PUCO) adopted an emergency surcharge to be implemented on Youngstown Thermal customer bills in an effort to ensure continued service to the business district of downtown Youngstown.
“The Commission understands that this is a tough situation for the customers of Youngstown Thermal,” stated PUCO Chairman Asim Z. Haque. “With the work of the receiver, as well as Youngstown leadership, we will continue to make every effort to see Youngstown Thermal’s customers through to a more viable long-term solution.”
In today’s order, the PUCO also directed Youngstown Thermal to file final tariffs consistent with today’s order and to notify their customers of the changes to the tariff within 30 days. The tariffs shall be approved effective upon filing, subject to final review by the PUCO.
On June 14, 2017, the PUCO received notification from Youngstown Thermal of the utility’s financial troubles. Upon receiving notification, the PUCO began a review of Youngstown Thermal’s financial stability.
On June 29, 2017, PUCO staff filed a report of its review, finding that the utility is unable to pay its own utility suppliers, debt obligations and payroll.
On June 30, 2017, the PUCO directed to the Ohio Attorney General to seek authority from a local court to place Youngstown Thermal into receivership.
On July 21, 2017, the PUCO ordered PUCO staff to develop an emergency surcharge to be established for Youngstown Thermal in light of the utilities ongoing financial struggles.
On Aug. 1, 2017, Youngstown Thermal was placed into receivership by Mahoning County Court.
A copy of today’s Commission order and PUCO staff report are 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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