A coalition of health and human services advocates is expressing support for the governor’s pitch to help economically struggling Ohioans move out of poverty, though the group has concerns about how the goal will be accomplished.
Ohio Supreme Court Upholds $42 Million Fine Against AEP
The Ohio Supreme Court has upheld a state law that keeps a utility from earning excessive profits.
The state’s high court on Thursday rejected an argument by Columbus-based American Electric Power that the utility should not have been assessed a penalty for taking excessive profits in 2009.
The court, in a 6-1 decision, rejected AEP’s argument that the penalty was based on a law too vague to be enforceable. The court also disagreed with business groups and consumer advocates who argued that the utility should have faced a larger penalty than the $42 million it paid.
The 2008 law gave utilities wide latitude to raise rates but also gave the Public Utilities Commission of Ohio the discretion to decide what constitutes excessive profit.