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Consumers are promised the lowest rates no matter how they get their electric power under a compromise Gov. Ted Strickland and legislative leaders have cobbled together.
A story from the AP says, however, one of those leaders and the state's consumer watchdog say much of that depends on how it's administered. The House on Tuesday passed 93-1 and sent to the Senate a bill that reshapes how Ohioans pay for power and what sources are used to get it to them. The Senate planned to vote Wednesday on the changes the House made to a bill first approved by the Senate in November with few changes from Strickland's initial proposal. Strickland, a Democrat, and House Speaker Jon Husted, a Republican, both praised the House version as a promise to residential customers that they will get the lowest possible bill and an incentive to businesses looking for stability and predictability in power rates. The bill gives great authority to the Public Utilities Commission of Ohio, whose members are appointed by the governor, to determine how customers get their power _ through regulated rates or on the open market _ after the first two years. Click here to read more of this story from the AP. | ||
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