AES Ohio has filed its latest Electric Security Plan (ESP) with the Public Utilities Commission of Ohio (PUCO). The company's ESP is a comprehensive plan to enhance and upgrade service reliability, provide greater safeguards for price stability and continue investments in local economic development. AES Ohio intends to increase investments in the distribution infrastructure and deploy a proactive vegetation management program.
If approved as proposed, the initial impact for an AES Ohio residential customer using 750 kilowatt hours per month would be less than $1.00.
New and innovative programs
Beyond the various requirements of the ESP, AES Ohio is proposing new and innovative programs to help customers save money while meeting their ever-changing energy needs driven by new smart technologies. The plan includes energy efficiency programs for residential and low-income customers, which include ways to save utilizing smart thermostat technology.
Lastly, the plan includes new pricing incentives to promote the growth and expansion of companies in the region, helping to foster a strong local job market.
Understanding the ESP
“We understand, first and foremost, our customers want reliable service while maintaining affordable and competitive rates,” said AES Ohio President and Chief Executive Officer Kristina Lund. “With distribution rates the lowest in Ohio, this plan provides a mechanism to strengthen reliability well into the future and protect our customers from volatile market-driven cost impacts. AES Ohio remains committed to providing reliable energy at competitive prices, while investing and supporting the communities where we live and work. This plan is thoughtfully designed to best serve our customers, reaffirms our commitment to the community and accelerates the future of energy.”