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OH SCR7

Concurrent Resolution

Status

Introduced

8/19/2021

Primary Sponsor

Mark Romanchuk

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Origin

Senate

134th General Assembly (2021-2022)

AI Summary

  • Concurrent resolution urging PJM Interconnection, L.L.C. and the Federal Energy Regulatory Commission to preserve the Minimum Offer Price Rule in the PJM capacity market.

  • Establishes that the Minimum Offer Price Rule prevents state-subsidized generation resources from exercising market power by offering electricity at artificially low prices in the capacity market.

  • Calls on PJM and FERC to evaluate whether state-subsidized generation resources materially impact price formation in PJM's capacity market and whether such subsidization forces non-subsidizing states like Ohio to bear increased costs.

  • Opposes PJM's proposed elimination of the Minimum Offer Price Rule and replacement with an alternative model, arguing elimination would increase reliability risks and force Ohioans to bear costs associated with other states' generation resource preferences.

  • Directs the Senate Clerk to transmit copies of the resolution to PJM Board members, the PJM Members Committee, FERC commissioners, and Ohio news media.

Legislative Description

Urge preservation of the Minimum Offer Price Rule for electricity

Utilities : Electric Utilities

Last Action

Refer to Committee: Energy and Public Utilities

9/8/2021

Committee Referrals

Energy and Public Utilities9/8/2021

Full Bill Text

No bill text available