❌ HB142
Regards natural gas company rate plans, property valuation
Summary
HB142 amends various sections of the Ohio Revised Code to allow natural gas companies to implement alternative rate plans for large load customers and modifies the process for valuating natural gas company property. The bill establishes criteria for settlements in public utility commission proceedings and outlines the requirements for natural gas companies to propose rate adjustments based on projected costs and infrastructure investments.
Rationale
The bill introduces regulatory frameworks that may increase government oversight and control over natural gas pricing and property valuation, which conflicts with Libertarian principles advocating for minimal government intervention in markets. However, it also allows for alternative rate plans that could support market dynamics, leading to a mixed alignment with the LPO's emphasis on free markets.
Risks and Concerns
- Increased government control over natural gas pricing
- Potential for cronyism in rate-setting processes
- Regulatory burdens on natural gas companies