Sec. 4928.61. (A) There is hereby established in the state | 11 |
treasury the advanced energy fund, into which
shall be deposited | 12 |
all advanced energy revenues remitted to the
director of | 13 |
development under division (B) of this section, for
the exclusive | 14 |
purposes of funding the advanced energy program
created under | 15 |
section 4928.62 of the Revised Code and paying the program's | 16 |
administrative costs. Interest on the fund shall be credited to | 17 |
the
fund. | 18 |
(1) Revenues remitted to the director after collection by | 21 |
each
electric distribution utility in this state of a temporary | 22 |
rider on
retail electric distribution service rates as such rates | 23 |
are
determined by the public utilities commission pursuant to this | 24 |
chapter. The rider shall be a uniform amount statewide, determined | 25 |
by the
director of development, after consultation with the public | 26 |
benefits
advisory board created by section 4928.58 of the Revised | 27 |
Code. The
amount shall be determined by dividing an aggregate | 28 |
revenue target for a given
year as determined by the director, | 29 |
after consultation with the advisory
board, by the number of | 30 |
customers of electric distribution utilities in this
state in the | 31 |
prior year. Such aggregate revenue target shall not exceed more | 32 |
than fifteen million dollars in any year through 2005 and shall | 33 |
not exceed
more than five million dollars in any year after 2005 | 34 |
imposed on residential, commercial, and industrial customers as | 35 |
defined by rules adopted by the public utilities commission. The | 36 |
amount of the rider shall be as follows: | 37 |
(c) Fifty dollars per month for industrial customers.
The | 40 |
rider shall be
imposed beginning on the effective date of thethis | 41 |
amendment of this section by Sub. H.B. 251 of the 126th general | 42 |
assembly, January 4, 2007, and shall terminate at the end of ten | 43 |
years following the starting date of competitive retail electric | 44 |
service or until the advanced energy fund, including interest, | 45 |
reaches one hundred million dollars,
whichever is firston January | 46 |
1, 2025. | 47 |
(2) Each participating electric cooperative and participating | 65 |
municipal electric utility shall remit to the director on a | 66 |
quarterly
basis the revenues described in division (B)(3) of this | 67 |
section.
Such remittances shall occur within thirty days after | 68 |
the end of each calendar quarter. For the purpose of division | 69 |
(B)(3) of this section, the participation of an electric | 70 |
cooperative or municipal electric utility in the energy efficiency | 71 |
revolving loan program as it existed immediately prior to the | 72 |
effective date of the amendment of this section by Sub. H.B. 251 | 73 |
of the 126th general assembly, January 4, 2007, does not | 74 |
constitute a decision to participate in the advanced energy fund | 75 |
under this section as so amended. | 76 |
(3) AllExcept for remittances from revenues described in | 77 |
division (B)(1) of this section, all remittances under divisions | 78 |
(C)(1) and (2) of this
section shall continue only until the end | 79 |
of ten years following
the
starting date of competitive retail | 80 |
electric service or
until
the advanced energy fund, including | 81 |
interest, reaches
one hundred
million dollars, whichever is | 82 |
first. Remittances from revenues described in division (B)(1) of | 83 |
this section shall continue until January 1, 2025. | 84 |
(D) Any moneys collected in rates for non-low-income customer | 85 |
energy efficiency programs, as of October 5, 1999, and not | 86 |
contributed to the energy efficiency revolving
loan fund | 87 |
authorized under this section prior to the effective date of its | 88 |
amendment by Sub. H.B. 251 of the 126th general assembly, January | 89 |
4, 2007, shall be used to
continue to fund cost-effective, | 90 |
residential energy efficiency programs, be
contributed into the | 91 |
universal service fund as a supplement to that required under | 92 |
section
4928.53 of the Revised Code, or be returned to ratepayers | 93 |
in the form of a rate reduction at the option of the affected | 94 |
electric
distribution utility. | 95 |