AES Ohio files Distribution Rate Review

November 29, 2024

Today, AES Ohio, a subsidiary of The AES Corporation (NYSE: AES), filed its request for a Distribution Rate Review with the Public Utilities Commission of Ohio (PUCO) to adjust its base electric distribution rates. This request reflects the need to align rates with the evolving costs of providing safe, reliable and modern electric service. AES Ohio pre-filed its Distribution Rate Review on October 30, 2024, in accordance with the PUCO schedule.

The last time AES Ohio asked the PUCO to review its rates was in November 2020. Since that time, AES Ohio has made significant investments to benefit customers and communities. Over the past four years, AES Ohio has demonstrated its commitment to safety, reliability and resilience by investing in critical infrastructure upgrades that enhance the power delivery system. Additionally, these investments have driven economic development fueling growth in West Central Ohio.

“Investments in long-term reliability are vital as we face increased storm severity, rising service demands, and the need to support economic growth in our region,” said Tom Raga, President of AES Ohio. “At the same time, we are focused on creating a more modern and seamless customer experience for the people and businesses we serve.”

In its Application, AES Ohio will request the PUCO review and approve rates that include these investments and align the value of electric distribution service with its costs. If the PUCO approves this request as proposed, the monthly bill for a typical residential customer using 1,000 kWh would increase by $21.75, a 14.2% increase to the total bill for Standard Service Offer customers. With this proposed increase.

The PUCO’s review process will include a thorough review and audit of AES Ohio’s costs, stakeholder engagements, public hearings, and opportunities for customer comments. AES Ohio is committed to transparency throughout this process and encourages customers to engage and share their feedback.

For the latest information, visit AES Ohio Distribution Rate Review 2024.

About AES Ohio
AES Ohio is a regional energy provider and an AES company. AES Ohio, a regulated electric utility, provides service to more than 539,000 customers in West Central Ohio. During its long history, AES Ohio has served its customers with the lowest distribution and transmission rates in Ohio among investor-owned utilities. Connect with AES Ohio on X, Facebook and LinkedIn. To learn more about how AES Ohio is accelerating the future of energy, visit aes-ohio.com.