PUCO staff: Raise SOBE rates by 145% during times of high usage
The Public Utilities Commission of Ohio’s staff recommends huge emergency rate increases for SOBE Thermal Energy Systems LLC’s downtown Youngstown customers — 145% for most of them during the six months when the steam heat is most used and 75% during the rest of the year. The report filed Monday by Christopher Healey, PUCO’s Rates and Analysis Department’s chief of accounting and finance, reads: “Emergency rates are not a permanent solution to a utility’s financial distress; they are intended to be temporary, approved only as necessary to avert a crisis. The goal is for ...