OHIO ADVANCED
ENERGY ECONOMY

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 AND ENERGY

    

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The Honorable Btil Seitz 
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Columbus, OH 43215
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Re: Senate Bill 58, osu Study on Rates (2.November 19, 2013

Dear Senator Seitz:

We write to share an important update to The Ohio State University study Ohio Advanced
Energy Economy commissioned regarding Senate Bill 58 and its likely impact to Ohio
ratepayers of all customer classes. Recall on September 25. we released this study based
on media reports in which you described provisions of your anticipated substitute bill. Since
the advanced energy and energy ef?ciency industries were systematically excluded from
the drafting process, this was the best we could do at the time.

However, having now had the opportunity to review its provisions in detail, we can report
that the row are worse for ratepayers mgr: we initiatiy thong. The Ohio State
University Study (version 2.0) ?nds that the bill is a massive giveaway to Ohio utilities, and
would cost consumers almost $4 billion between now and 2025. The study also ?nds the
standards have already saved Ohioans 1.4% on their electric bills. In short, the current
policy is working. and the substitute bill would signi?cantly drive up electricity costs.

No study is ever going to be perfect, and we fully expect bill proponents to quibble with
assumptions and details. But we would note this simple, undeniable fact: The Ohio
Manufacturers Association. the Ohio Hospital Association. the American Association of
Retired Persons, and the Ohio Consumers Counsel all oppose the bill as being bad for
ratepayers. These are widely respected. reputable energy consumers? representatives.
And in the face of this opposition, the proponents have not provided a single study showing
any ratepayer savings under the bill. if this bill is good for ratepayers, why do those
groups oppose it?

To date, not a single Ohio utility has testi?ed in open committee about the bill?s rate impact
or provided an analysis of its effect on ratepayers. Not one.

We urge members of the Senate to review the study in full and to vote against Substitute
SB 58. Thank you for your consideration.

President CEO. Ohio Advanced Energy Economy

WE South Thirt?i Streeta Suite 107%), Coiuml?ousy Girl 432% i p: i e: i ohioadvoraoecienergyorg