Created on Thursday, 05 September 2013 Written by THE ASSOCIATED PRESS
COLUMBUS, Ohio (AP) — State utility regulators have approved an approximate $5 additional charge on monthly electric bills issued by a service provider in southwest Ohio arguing that it will help fund the company's transition to a competitive electric market.
The Dayton Daily News (http://bit.ly/1a7YiRD ) reports the Public Utilities Commission of Ohio on Wednesday announced the approval of the long-term plan for Dayton Power & Light Co. The commission authorized the provider to receive about $220 million from ratepayers over two years starting in January 2014.
The commission's chairman, Todd Snitchler, said the plan provides rate stability for customers and financial stability to the company.
The Ohio Consumers' Counsel criticized the ruling saying that DP&L "succeeded" with its plan to charge customers more than the market price for electricity.
Information from: Dayton Daily News, http://www.daytondailynews.com