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H. B. No. 301 As IntroducedAs Introduced
128th General Assembly | Regular Session | 2009-2010 |
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Cosponsors:
Representatives Celeste, Skindell, Hagan, Stewart, Letson, Murray, Harris, Pryor, Yuko, Domenick, Ujvagi, Yates, Harwood, Winburn, Williams, S.
A BILL
To amend section 4928.61 and to enact section
4928.622 of the Revised Code to
replace the
current Advanced Energy Fund revenue
rider on
retail electric distribution service
rates with a
new rider that will terminate on
January 1, 2025
and to permit aerospace institutes to receive
Advanced Energy Fund money for advanced energy
projects and economic development.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1. That section 4928.61 be amended and section
4928.622 of the Revised Code be
enacted to read as follows:
Sec. 4928.61. (A) There is hereby established in the state
treasury the advanced energy fund, into which
shall be deposited
all advanced energy revenues remitted to the
director of
development under division (B) of this section, for
the exclusive
purposes of funding the advanced energy program
created under
section 4928.62 of the Revised Code and paying the program's
administrative costs. Interest on the fund shall be credited to
the
fund.
(B) Advanced energy revenues shall include all of the
following:
(1) Revenues remitted to the director after collection by
each
electric distribution utility in this state of a temporary
rider on
retail electric distribution service rates as such rates
are
determined by the public utilities commission pursuant to this
chapter. The rider shall be a uniform amount statewide, determined
by the
director of development, after consultation with the public
benefits
advisory board created by section 4928.58 of the Revised
Code. The
amount shall be determined by dividing an aggregate
revenue target for a given
year as determined by the director,
after consultation with the advisory
board, by the number of
customers of electric distribution utilities in this
state in the
prior year. Such aggregate revenue target shall not exceed more
than fifteen million dollars in any year through 2005 and shall
not exceed
more than five million dollars in any year after 2005
imposed on residential, commercial, and industrial customers as
defined by rules adopted by the public utilities commission. The
amount of the rider shall be as follows:
(a) One dollar per month for residential customers;
(b) Ten dollars per month for commercial customers;
(c) Fifty dollars per month for industrial customers.
The
rider shall be
imposed beginning on the effective date of the this
amendment of this section by Sub. H.B. 251 of the 126th general
assembly, January 4, 2007, and shall terminate at the end of ten
years following the starting date of competitive retail electric
service or until the advanced energy fund, including interest,
reaches one hundred million dollars,
whichever is first on January
1, 2025.
(2) Revenues from
payments, repayments, and collections
under the advanced energy program and from program
income;
(3) Revenues remitted to the director after collection by
a
municipal electric utility or electric cooperative in this
state
upon the utility's or cooperative's decision to participate in the
advanced energy fund;
(4) Revenues from renewable energy compliance payments as
provided under division (C)(2) of section 4928.64 of the Revised
Code;
(5) Revenue from forfeitures under division (C) of section
4928.66 of the Revised Code;
(6) Interest earnings on the advanced energy fund.
(C)(1) Each electric distribution utility in this state shall
remit to the director on a quarterly basis the revenues described
in divisions
(B)(1) and (2) of this section. Such remittances
shall
occur within thirty days after the end of each calendar
quarter.
(2) Each participating electric cooperative and participating
municipal electric utility shall remit to the director on a
quarterly
basis the revenues described in division (B)(3) of this
section.
Such remittances shall occur within thirty days after
the end of each calendar quarter. For the purpose of division
(B)(3) of this section, the participation of an electric
cooperative or municipal electric utility in the energy efficiency
revolving loan program as it existed immediately prior to the
effective date of the amendment of this section by Sub. H.B. 251
of the 126th general assembly, January 4, 2007, does not
constitute a decision to participate in the advanced energy fund
under this section as so amended.
(3) All Except for remittances from revenues described in
division (B)(1) of this section, all remittances under divisions
(C)(1) and (2) of this
section shall continue only until the end
of ten years following
the
starting date of competitive retail
electric service or
until
the advanced energy fund, including
interest, reaches
one hundred
million dollars, whichever is
first. Remittances from revenues described in division (B)(1) of
this section shall continue until January 1, 2025.
(D) Any moneys collected in rates for non-low-income customer
energy efficiency programs, as of October 5, 1999, and not
contributed to the energy efficiency revolving
loan fund
authorized under this section prior to the effective date of its
amendment by Sub. H.B. 251 of the 126th general assembly, January
4, 2007, shall be used to
continue to fund cost-effective,
residential energy efficiency programs, be
contributed into the
universal service fund as a supplement to that required under
section
4928.53 of the Revised Code, or be returned to ratepayers
in the form of a rate reduction at the option of the affected
electric
distribution utility.
Sec. 4928.622. Any aerospace institute in this state is
eligible to receive up to two million five hundred thousand
dollars in assistance annually for advanced energy projects and
economic development from the director of development pursuant to
section 4928.62 of the Revised Code provided that the institute
meets the following requirements:
(A) Its mission is to develop the state's aerospace economy
through research, technology, education, and collaboration;
(B) It is exempt from federal income taxation under section
501(c)(3) of the "Internal Revenue Code of 1986," as amended;
(C) It works in conjunction with the state and with federal
research laboratories, private enterprises, and public and private
institutions of higher education statewide;
(D) It offers its members access to seminars, workshops, and
other aerospace education opportunities.
Section 2. That existing section 4928.61 of the Revised Code
is hereby repealed.
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