Events Calendar
In This Section
Most Read Stories
Update: Police seek Akron man in deadly shooting
For Indians, attention is on future
Fourth of July Events; fireworks, neighborhood parades
Governor will use cornhole to fund campaign
Tragic accident cause of death of BMX biker
Why do minorities die so young?
Major rebuilding not in Shapiro's plans
Blogs:
Akron Law Café:
Exxon Saved From the Rocks: The Supreme Court Limits Punitive Damages
The Heldenfiles:
No ABBA Concert Reunion … Ever
Balanced Ledger:
Olympics, interested?
Patrick McManamon:
Yellowstone, C.C. Sabathia, Brian Windhorst and … yes … Yellowstone
Browns Bulletin:
ESPN's Browns love-in chugs along
Cleveland Browns:
Bentley leaves minicamp
Cleveland Indians:
Spanked on Independence Day
Akron Aeros:
All Stars, Roster Moves and More!
Akron Zips:
Contemplating fall camp
Varsity Letters:
CVCA junior soccer stars Speas & Mason to play at UA
Kent State Sports:
Jarvis on Maxwell watch list
Ohio Politics:
2008 = 1972? 1976? 1992? 2000? 2004?
All Da King's Men:
Words For Independence Day
Blog of Mass Destruction:
You Go To An Election With The Media You Have
Akrocentric:
Charles Taormina discusses "Acceptance of Individual Authors," self-publishing resources
Akron Gamer:
Harmonix keeps on Rock'n
BokBluster:
Patriot Games
Ohio Travels with Betty:
Is there an American Girl store in Ohio?
Olympic Dreams - Running:
Back to Phase One
Sound Check:
Tim McGraw wows and woos Blossom
Tia's Trends:
Saks Saleswoman Accused of Stealing $1 Million
Where does the governor stand on electricity restructuring?
Published on Tuesday, Feb 26, 2008
Strickland proposed his own plan last year, which the Senate largely accepted by a unanimous vote, much to the delight of larger industrial customers. Now the House is working through the matter, looking, frankly, for a better balance. If the governor is right that the House must act soon, it also is true that his office must do some hard thinking.
What is the governor's position, anyway? He opened this debate arguing correctly that the state required a ''hybrid,'' a mix of market and regulatory elements, all reflecting the hard reality that Ohio launched deregulation nine years ago and cannot put the genie back into the bottle. FirstEnergy of Akron substantially adapted its company to the new rules.
Of late, Strickland has been sounding more like an old-time regulator. He portrays himself in a ''Herculean battle'' against dark titans. He poses as determined to protect consumers against gouging and other nefarious acts. (Might the governor recall that electricity prices soared under traditional regulation?) He warns that powerful utilities want the final word on pricing, as opposed to an independent body (the Public Utilities Commission of Ohio).
Look at what FirstEnergy actually proposed last fall. The company put forward a process in which each utility would submit a rate plan. Negotiations would follow with the PUCO. If the talks failed to produce an agreed rate, a competitive bidding process would follow to establish a market price. If the PUCO ruled that a competitive market did not exist, its price would take effect for a year, and the process would begin again. In short, the PUCO would have the authority to say no.
What the utilities want is a more precise definition of when a market exists. That has been the focus of the House effort. The governor and the other parties should be able to craft an effective compromise.
Unfortunately, the governor's office appears more inclined to posture, claiming last week that a steelmaker balked at locating in Ohio because of uncertainty about electricity rates. The truth is, utilities usually provide industrial customers with favorable prices. More, if the uncertainty is harming the state, then face honestly what a true ''hybrid'' requires.
Get the full article here.

