DUKE ENERGY OHIO INC.'S CBP SSO AUCTIONS

News

PUCO Accepts Results of Duke Energy Ohio, Inc.’s March 2017 CBP Auction - Wednesday, March 22, 2017
The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held March 20, 2017 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2016 through May 31, 2018. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for March 2017 CBP Auction - Friday, March 3, 2017
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for March 2017 has been updated from the announcement made on February 1, 2017. The updated energy obligation is approximately 11.15 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  
Minimum and Maximum Starting Prices for March 2017 CBP Auction - Wednesday, February 22, 2017
The minimum and maximum starting prices for the product in the CBP auction scheduled for March 20, 2017 are $80.00/MWh and $100.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $100.00/MWh.  
Announcement of Tranche Target and Tranche Size for March 2017 CBP Auction - Wednesday, February 1, 2017

For the March 2017 CBP auction, the tranche target is as follows:

  • Delivery period June 2017 through May 2018 (12 months): 17 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 10.98 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  
PUCO Accepts Results of Duke Energy Ohio, Inc.’s November 2016 CBP Auction - Wednesday, November 30, 2016
The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held November 29, 2016 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2017 through May 31, 2018. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for November 2016 CBP Auction - Monday, October 31, 2016
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2016 from the announcement made on October 3, 2016. Thus, based on historical data, the energy obligation is approximately 11.04 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for November 2016 CBP Auction - Monday, October 24, 2016
The minimum and maximum starting prices for the product in the CBP auction scheduled for November 29, 2016 are $80.00/MWh and $100.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $100.00/MWh. 
Announcement of Tranche Target and Tranche Size for November 2016 CBP Auction - Monday, October 3, 2016

For the November 2016 CBP auction, the tranche target is as follows:

  • Delivery period June 2017 through May 2018 (12 months): 17 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 11.04 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  
PUCO Accepts Results of Duke Energy Ohio, Inc.’s March 2016 CBP Auction - Wednesday, March 16, 2016
The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held March 14, 2016 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2016 through May 31, 2018. The PUCO's news release can be viewed here
Important Update Regarding PIPP - Thursday, March 3, 2016
On March 2, 2016, the Public Utilities Commission of Ohio issued a Finding and Order in Case No. 16-247-EL-UNC, finding that each electric utility should implement a competitive RFP Auction to serve percentage of income payment plan (PIPP) load in the electric utility's service territory. The Order states that the RFP Auction should be implemented immediately to procure supply for the amount of PIPP load that would otherwise have been included in the utility's next SSO auction. No changes will be made to currently effective SSO supply contracts. The RFP Auctions will be developed by the electric utilities, in consultation with Staff, and conducted in conjunction with their upcoming auctions. As a result of this order, PIPP load will not be included as part of the SSO load in Duke Energy Ohio, Inc.’s March 14, 2016 CBP auction. The full Finding and Order is available here:
http://dis.puc.state.oh.us/TiffToPDf/A1001001A16C02B40330H00468.pdf 
Announcement Regarding Tranche Size for March 2016 CBP Auction - Monday, February 22, 2016
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for March 2016 from the announcement made on January 22, 2016. Thus, based on historical data, the energy obligation is approximately 11.35 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for March 2016 CBP Auction - Wednesday, February 17, 2016
The minimum and maximum starting prices for the product in the CBP auction scheduled for March 14, 2016 are $80.00/MWh and $110.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $110.00/MWh. 
Announcement of Aggregation Efforts of Electric Percentage of Income Payment Plan (PIPP) Load - Tuesday, February 16, 2016
Ohio law requires the Ohio Development Services Agency (ODSA) to aggregate the electric percentage of income payment plan (PIPP) load and procure supply for that load through a competitive procurement process. The Public Utilities Commission of Ohio (PUCO) will design, manage, and supervise the process and has initiated a proceeding under PUCO Case No. 16-247-EL-UNC pursuant to which it has solicited comments on PIPP supply procurements. Duke Energy Ohio cannot predict when the PUCO will issue an order in the referenced proceeding or the outcome of the proceeding. Documents filed in the proceeding are publicly available via the PUCO's docketing system. 
Announcement of Tranche Target and Tranche Size for March 2016 CBP Auction - Friday, January 22, 2016

For the March 2016 CBP auction, the tranche target is as follows:

  • Delivery period June 2016 through May 2018 (24 months): 17 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 11.35 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
PUCO Accepts Results of Duke Energy Ohio, Inc.’s November 2015 CBP Auction - Wednesday, November 18, 2015
The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held November 16, 2015 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2015 through May 31, 2018. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for November 2015 CBP Auction - Monday, October 26, 2015
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2015 from the announcement made on September 29, 2015. Thus, based on historical data, the energy obligation is approximately 12.66 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for November 2015 CBP Auction - Wednesday, October 21, 2015
The minimum and maximum starting prices for the product in the CBP auction scheduled for November 16, 2015 are $90.00/MWh and $120.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $90.00/MWh and $120.00/MWh. 
Announcement of Tranche Target and Tranche Size for November 2015 CBP Auction - Tuesday, September 29, 2015

For the November 2015 CBP auction, the tranche target is as follows:

  • Delivery period June 2016 through May 2018 (24 months): 17 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 12.66 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
PUCO Accepts Results of Duke Energy Ohio, Inc.’s May 2015 CBP Auction - Friday, May 15, 2015
The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held May 14, 2015 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO's SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2015 through May 31, 2018. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for May 2015 CBP Auction - Friday, April 24, 2015
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for May 2015 from the announcement made on April 7, 2015. Thus, based on historical data, the energy obligation is approximately 12.66 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for May 2015 CBP Auction - Wednesday, April 22, 2015
The minimum and maximum starting prices for each of the three products in the CBP auction scheduled for May 14, 2015 are $90.00/MWh and $120.00/MWh, respectively. Prior to the auction, the starting price for each product will be disclosed to bidders. The starting price may vary by product but each product's starting price is expected to fall within the range of $90.00/MWh and $120.00/MWh.  
Announcement of Tranche Targets and Tranche Size for May 2015 CBP Auction - Tuesday, April 7, 2015

For the May 2015 CBP Auction, there are three products and the tranche targets for the products are as follows:

 

  • Delivery period June 2015 through May 2016 (12 months): 34 tranches
  • Delivery period June 2015 through May 2017 (24 months): 34 tranches
  • Delivery period June 2015 through May 2018 (36 months): 32 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load.  Based on historical data, the energy obligation is approximately 12.66 MW per tranche.  These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules.  Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Ohio Regulators Approve New Electric Security Plan for Duke Energy Ohio - Friday, April 3, 2015

CINCINNATI - The Public Utilities Commission of Ohio (PUCO) today approved a new Electric Security Plan (ESP) for Duke Energy Ohio. In its ruling, the PUCO also approved the process that Duke Energy Ohio will use to set customer rates from Jun. 1, 2015, through May 31, 2018. Pursuant to this ESP, a Competitive Bidding Process (CBP) will be conducted to procure full requirements service for standard service offer customers, including those customers participating in the percentage of income payment plan.

For more information, please click here
PUCO Accepts Results of Duke Energy Ohio, Inc.’s CBP November 2013 Auction - Wednesday, November 13, 2013
The Public Utilities Commission of Ohio (PUCO) today approved the results of the fifth auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for November 2013 CBP Auction - Thursday, October 31, 2013
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2013 from the announcement made on September 12, 2013. Thus, based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for November 2013 CBP Auction - Wednesday, October 16, 2013
The minimum and maximum starting prices for the product in the CBP auction scheduled for November 12, 2013 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh.  
Announcement of Tranche Target and Tranche Size for November 2013 CBP Auction - Thursday, September 12, 2013
For the November 2013 CBP auction, the tranche target is as follows:
  • Delivery period June 2014 through May 2015 (12 months): 16 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
PUCO Accepts Results of Duke Energy Ohio, Inc.’s CBP May 2013 Auction - Wednesday, May 22, 2013
The Public Utilities Commission of Ohio (PUCO) today approved the results of the fourth auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for May 2013 CBP Auction - Thursday, May 2, 2013
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for May 2013 from the announcement made on March 20, 2013. Thus, based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for May 2013 CBP Auction - Tuesday, April 23, 2013
The minimum and maximum starting prices for the product in the CBP auction scheduled for May 21, 2013 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh. 
Announcement of Tranche Target and Tranche Size for May 2013 CBP Auction - Wednesday, March 20, 2013
For the May 2013 CBP auction, the tranche target is as follows:
  • Delivery period June 2014 through May 2015 (12 months): 17 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
PUCO Accepts Results of Duke Energy Ohio, Inc.’s CBP November 2012 Auction - Friday, November 16, 2012
The Public Utilities Commission of Ohio (PUCO) today approved the results of the third auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for November 2012 CBP Auction - Thursday, October 25, 2012
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2012 from the announcement made on September 13, 2012. Thus, based on historical data, the energy obligation is approximately 16.19 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for November 2012 CBP Auction - Wednesday, October 17, 2012
The minimum and maximum starting prices for the product in the CBP auction scheduled for November 15, 2012 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh. 
Announcement of Tranche Target and Tranche Size for November 2012 CBP Auction - Thursday, September 13, 2012
For the November 2012 CBP auction, the tranche target is as follows:
  • Delivery period June 2013 through May 2015 (24 months): 16 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 16.19 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
PUCO Accepts Results of Duke Energy Ohio, Inc.’s CBP May 2012 Auction - Wednesday, May 23, 2012
The Public Utilities Commission of Ohio (PUCO) today approved the results of the second auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here
Announcement Regarding Tranche Size for May 2012 CBP Auction - Thursday, April 26, 2012
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for May 2012 from the announcement made on March 15, 2012. Thus, based on historical data, the energy obligation is approximately 15.98 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Minimum and Maximum Starting Prices for May 2012 CBP Auction - Thursday, April 19, 2012
The minimum and maximum starting prices for the product in the CBP auction scheduled for May 22, 2012 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh. 
Announcement of Auction Format Change - Wednesday, April 11, 2012
Pursuant to the Public Utilities Commission of Ohio’s April 11 Entry for Case No. 11-6000-EL-SSO, the four remaining auctions under the ESP scheduled for May 2012, November 2012, May 2013, and November 2013 will use a two-phase auction format. The auction format will include a multi-round descending-price clock format (phase one) possibly followed by a sealed-bid round (phase two). Bidders that bid at least one tranche in the penultimate round of the clock phase and then decreased their bid quantity in the final round of the clock phase will submit a bid in the sealed-bid round. The Bidding Rules document has been updated accordingly and can be found here
Announcement of Tranche Target and Tranche Size for May 2012 CBP Auction - Thursday, March 15, 2012

For the May 2012 CBP auction, the tranche target is as follows:

  • Delivery period June 2013 through May 2015 (24 months): 17 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 15.98 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
PUCO Accepts Results of Duke Energy Ohio, Inc.’s CBP December 2011 Auction - Thursday, December 15, 2011
The Public Utilities Commission of Ohio (PUCO) today approved the results of the first auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here
Minimum and Maximum Starting Prices for December 2011 CBP Auction - Monday, November 28, 2011
The minimum and maximum starting prices for each of the three products in the CBP auction scheduled for December 14, 2011 are $70.00/MWh and $90.00/MWh, respectively. Prior to the auction, the starting price for each product will be disclosed to bidders. The starting price may vary by product but each product's starting price is expected to fall within the range of $70.00/MWh and $90.00/MWh. 
Announcement Regarding Tranche Size for December 2011 CBP Auction - Monday, November 28, 2011
Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for December 2011 from the announcement made on November 10, 2011. Thus, based on historical data, the energy obligation is approximately 16.47 MW per tranche, and the capacity obligation is approximately 18.13 MW per tranche. These values are provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Duke Energy Rate Plan Approved - Wednesday, November 23, 2011
The Public Utilities Commission of Ohio approved today an agreement that will set electric generation rates for Duke Energy Ohio customers from Jan. 1, 2012 to May 31, 2015.“ Today’ s decision is another step in the process of encouraging a robust and vibrant competitive market for electric consumers,” PUCO Chairman Todd Snitchler said in a news release.
http://www.bizjournals.com/cincinnati/news/2011/11/22/duke-energy-rate-plan-approved.html 
PRESS RELEASE: Ohio Regulators Approve New Electric Security Plan for Duke Energy Ohio - Wednesday, November 23, 2011
CINCINNATI, Nov. 22, 2011/ PRNewswire/-- The Public Utilities Commission of Ohio today approved a new Electric Security Plan for Duke Energy Ohio. In its ruling, the PUCO also approved the process that Duke Energy Ohio will use to set customer rates from Jan. 1, 2012, through May 31, 2015. 
http://new.newsedge.com/servlet/newsedge/newsedge 
Ohio Regulators Approve New Electric Security Plan for Duke Energy Ohio - Wednesday, November 23, 2011
CINCINNATI - The Public Utilities Commission of Ohio (PUCO) today approved a new Electric Security Plan (ESP) for Duke Energy Ohio. The PUCO approved a stipulation, or settlement, without material modification, that Duke Energy Ohio reached in October with nearly all of the intervening parties in its ESP proceeding. In its ruling, the PUCO also approved the process that Duke Energy Ohio will use to set customer rates from Jan. 1, 2012, through May 31, 2015.
http://www.duke-energy.com/news/releases/2011112202.asp 
Announcement of Tranche Targets and Tranche Size for December 2011 CBP Auction - Thursday, November 10, 2011

For the December 2011 CBP auction, the tranche targets are as follows:

  • Delivery period January 2012 through May 2013 (17 months): 33 tranches
  • Delivery period January 2012 through May 2014 (29 months): 33 tranches
  • Delivery period January 2012 through May 2015 (41 months): 34 tranches
Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 16.47 MW per tranche, and the capacity obligation is approximately 18.13 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 
Duke Energy Ohio Information Session Planned for Tuesday, November 8th - Wednesday, November 2, 2011
On Tuesday, November 8, 2011, Duke Energy Ohio (DEO) and CRA International will host the first bidder information session for the December 14, 2011 CBP procurement. This presentation will be made via WebEx. Through the 2011 procurement, DEO will seek to procure supply contracts covering 100% of DEO’s SSO load requirements. A mix of 17, 29 and 41-month supply contracts will be procured through the auction. The contract delivery periods will begin on January 1, 2012 with the longest tenured supply contracts extending through May 31, 2015. For more information on the schedule of procurements and contract durations, please visit the auction calendar available at http://www.duke-energyohiocbp.com/portals/0/Auction_Delivery_Dates.png 
Duke Energy Ohio Electric Security Plan Update - Monday, October 31, 2011
Duke Energy Ohio, Inc., submitted an application for approval of an Electric Security Plan to the Public Utilities Commission of Ohio (Commission) on June 20, 2011. On October 24, 2011, a stipulated settlement was filed by nearly all of the parties in the case, including Duke Energy Ohio, Commission Staff, customer groups and both wholesale and retail suppliers. The stipulation makes express provision for the use of a competitive bidding process plan, or auctions, in respect of Duke Energy Ohio’s standard service offer load. Further, the signatory parties recommend approval of the stipulation on an expedited basis to enable the first auction to be conducted in December 2011. A hearing on the stipulation will be held (was held) on November 3, 2011. Duke Energy Ohio is initiating activity related to a December auction, pending Commission approval. 
Deal Expected to Save Ohio Duke Energy Customers - Tuesday, October 25, 2011
COLUMBUS, Ohio— An agreement announced by Duke Energy and state officials is expected to mean lower bills next year for the company's electric customers in southwest Ohio. Duke Energy Ohio says the deal reached Monday will save the average customer 11 percent, or roughly $14 per month, starting Jan. 1. Click here to read the news. 
FirstEnergy Supports Agreement of its Subsidiary with Duke Energy - Tuesday, October 25, 2011
FirstEnergy Solutions, a subsidiary of FirstEnergy announced its support for a comprehensive settlement agreement in the Duke Energy Ohio Electric Security Plan rate proceeding that gives all Duke Energy Ohio customers access to competitive markets beginning January 1, 2012. Click here to read the news. 
COMPETE Coalition lauds settlement in Duke Energy Ohio’s Rate - Tuesday, October 25, 2011
BusinessWire, 10-24-11 A broad coalition of electricity stakeholders, including representatives of a wide range of customers and customer groups, competitive retail and wholesale suppliers, environmental organizations, and others, today praised a unanimous settlement agreement reached in Duke Energy Ohio’ s Electric Security Plan rate case pending before the Public Utilities Commission of Ohio.“ The settlement negotiated by more than 25 parties to the Duke Energy Ohio rate case supports competition, preserves customer choice and will ultimately increase opportunities for cost savings,” said Bill Massey, Counsel to the COMPETE Coalition.“ That’ s great news for business and residential electricity customers in Ohio.” If approved by the PUCO, the settlement will help sustain and expand what currently is a robust electricity marketplace in Duke Energy Ohio’ s service territory, where more than two-thirds of the total electricity used is now provided by competitive suppliers.“ Thousands of customers throughout the Duke Energy Ohio service territory already are taking advantage of the opportunity to save on their electric bills by actively shopping and choosing their electric supplier,” said Massey.“ The proposed settlement will help ensure that the benefits of competition enjoyed by customers in recent years are expanded even further.” The Duke Energy Ohio settlement also supports Ohio’ s economic growth and job creation goals.“ Competition drives innovation and keeps customers’ energy costs as low as possible, making Ohio more attractive to businesses seeking to grow and improving Ohio’ s competitiveness in the national and world economies,” said Massey.“ The Duke Energy Ohio settlement will help sustain the kind of vibrant, competitive electricity market that spurs business investment, economic development and job creation.” If approved by the PUCO, the proposed Duke Energy Ohio settlement would take effect January 1, 2012, and establish the rate plan that will be in effect through May 31, 2015. About COMPETE The COMPETE Coalition is 600 electricity stakeholders, including customers, suppliers, generators, transmission owners, trade associations, environmental organizations and economic development corporations– all of whom support well-structured competitive electricity markets for the benefit of our country. Click here to read the news. 
Duke Energy Ohio Proposes Long-Term Electric Security Plan - Monday, June 20, 2011
Duke Energy Ohio asked regulators for approval of an Electric Security Plan (ESP) for its customers beginning January 1, 2012. Click here to read the news. 
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