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OH SCR7
Concurrent Resolution
Status
8/19/2021
Primary Sponsor
Mark Romanchuk
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AI Summary
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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.
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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.
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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.
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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.
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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