AEP Agrees to Reduce Rates Due to Tax Cuts

PUCO adopts an agreement to implement reduced AEP Ohio rates as result of TCJA – AEP Ohio reduces rates by $607 million

PUCO adopts agreement to implement reduced AEP Ohio rates as result of TCJA

AEP Ohio reduces rates by $607 million

COLUMBUS, OHIO (Oct. 3, 2018) – The Public Utilities Commission of Ohio (PUCO) today adopted a settlement agreement to reflect the Tax Cuts and Jobs Act (TCJA) of 2017 into AEP Ohio’s rates. With today’s approval, AEP Ohio’s rates will reflect approximately $607 million in rate reductions.

“The Commission is pleased to approve an agreement that credits AEP Ohio’s customers with the utility’s reduced tax obligation,” stated PUCO Asim Z. Haque. “AEP Ohio’s rates now credit customers with hundreds of millions of dollars to accurately reflect the utility’s reduced tax obligation to the federal government.”

Specifically, AEP Ohio will return to customers normalized accumulated deferred income tax (ADIT) balance of approximately $278 million over a federally prescribed time period of approximately 25 years.

AEP Ohio will credit customers non-normalized excess deferred income tax (EDIT), estimated by the utility to be approximately $177.6 million, over approximately a six year period.

Additionally, AEP Ohio will also make annualized credits of $20.4 million until new base distribution rates become effective as a result of the rate case expected to be filed in June 2020.

The Commission has previously approved $66 million in rate reductions of various AEP Ohio riders.

AEP Ohio estimates the average residential customer using 1,000 kWh a month will see a $3.65 reduction in their monthly bill.

Background

On Sept. 26, 2018, AEP Ohio, PUCO staff, and seven other parties filed a settlement agreement outlining how AEP Ohio will reconcile its rates to reflect changes in the federal tax code.

On April 25, 2018, the Commission denied legal arguments jointly filed by Ohio’s electric distribution utilities challenging the PUCO’s January order directing utilities to set aside money in excess of the reduced corporate tax rate during the pendency of the Commission’s investigation.

On Jan. 10, 2018, the Commission ordered an investigation to study the impacts of the TCJA on PUCO-regulated utilities and how best to pass on the benefits to customers, and directed utilities to set aside money in excess of the reduced tax rate to later be returned to customers.

The TCJA was signed into law on Dec. 22, 2017, which among other things, reduced the federal corporate income tax rate from 35 to 21 percent, effective Jan. 1, 2018.

A copies of today’s decision is available on the PUCO website www.PUCO.ohio.gov. Click on the link to Docketing Information System and enter the case number in the search box.

Apply TODAY – Help Wanted: Village Administrator Position

Application DEADLINE is Friday, 10/4 – The Village of North Baltimore Ohio has an opening for a full-time Village Administrator.

Village Administrator Position

The Village of North Baltimore Ohio has an opening for a full-time Village Administrator.

Minimum Qualifications: Bachelor’s Degree or Equivalent Experience, grant writing and administration skills, prior supervisory experience in water, sewer, streets, parks or cemetery management a plus.

Successful candidates must be able to interact with all Village employees and the public in a professional and courteous manner and pass a pre-employment drug screening and background check.

Physical Work Requirements: May be required to walk, sit, or stand for extended periods of time, and the ability to lift a minimum of (25) pounds.

Salary range starts at $64,400 and increases commensurate with experience.

Interested parties should forward a resume and letter of interest to; mayor@northbaltimore.net by 5pm on Friday October 5, 2018.

Wood County Veterans Service Commission Appointment

The Wood County Common Pleas Judges will be accepting letters of interest and resumes from qualified veterans of the Wood County veteran community for appointment to the Wood County Veterans Service Commission.  

Wood County Veterans Service Commission Appointment

The Wood County Common Pleas Judges will be accepting letters of interest and resumes from qualified veterans of the Wood County veteran community for appointment to the Wood County Veterans Service Commission.

This appointment will be for a five-year term on the Commission beginning January 15, 2019.

Letters of interest as well as resumes or supporting material from honorably discharged or honorably separated veterans must be received at the Wood County Common Pleas Court, Court Administration Office, 1 Courthouse Square, Bowling Green, OH 43402 by 4:00 p.m. on December 1, 2018.

NB Council Agenda – Oct. 2

AGENDA – VILLAGE OF NORTH BALTIMORE – COUNCIL MEETING – October 2, 2018 – 5:30 PM

VILLAGE OF NORTH BALTIMORE
COUNCIL MEETING
October 2, 2018
5:30 PM

AGENDA

I. Pledge of Allegiance

II. Roll Call

III. Approval of the Minutes

IV. Public Participation (5min limit)

V. Letters and Communications

VI. Administrative Reports

Finance Officer:

EMS Chief

Fire Chief:

Police Chief: report submitted

Utility Director

DPW Superintendent

Village Administrator:

Clerk:

Appointed Legal Counsel:

Mayor:

VII. Standing Committees

Economic and Community Development (Ms. Zeigler)

Public Safety (Mr. Art Patterson)

Personnel, Policy and Ordinance Review (Mr. Carles)

Public Works (Mr. Aaron Patterson)

Public Utilities (Mr. Engard)

Finance and Technology (Mr. Beegle)

VIII. New Legislation, Resolutions, Motions or Business
Nothing

IX. Second Reading of Ordinances and Resolutions
Nothing

X. Third Reading of Ordinances and Resolutions
Nothing

XI. Other New Business

XII. Other Old Business

XIII. Payment of the Bills

XIV. Adjournment

NB October Brush Pick-Up is Monday (10/1)

Please remember the Village will only pick up piles that measure a maximum of 6×6 feet. Larger piles should be referred to a contractor.

Don’t forget Monday, Oct. 1 (First Monday of Month) is the monthly “Brush Pick Up” date for trimmed brush from a North Baltimore resident’s property only.

Remember the brush should not be larger than 6” in diameter.

Piles should be neatly stacked, with cut ends curbside, with no lawn waste, poison ivy, or thorns, and need to be placed at the curb by 7:00 a.m.

Please remember the Village will only pick up piles that measure a maximum of 6×6 feet. Larger piles should be referred to a contractor.

Contact the village with questions – 419.257.2394.

Visit:  Village Website

 

TONIGHT – NB Economic Development Meeting Notice:

Economic and Community Development Meeting

North Baltimore Village Meeting Notice:

Economic and Community Development Meeting

Thursday, September 27, 2018

@ 5:30, at Village Hall Council Chambers

There will be a North Baltimore Economic and Community Development Meeting On Thursday, September 27, 2018 @ 5:30 pm.

Todd Dickersom with Black Swamp Location Strategies will be here to talk a bit more about what he can do for our village marketing.

Village Council Meeting-Part 2

The rest of the story (from September 18th)……

By Sue Miklovic

Last Wednesday I reported on the New Police Chief’s appointment and the farewell to the Village Administrator who has moved on to Westerville, Ohio.

The rest of the meeting included these highlights:

  • Black Swamp Location Service would like to work with the village on Economic Development. Mr. Todd Dickerson presented some ideas that sounded positive to the council, who wants to figure out how they would pay for the services. “I think that would be a wonderful investment”, stated Ms. Murray.
  • Village Finance Officer Mrs. Lee shared some thoughts on available avenues to collect more village income tax including rental income, and taxing contractors working on projects in town for long periods of time.
  • Mayor Goldner stated she hoped to have a new Village Administrator in place by mid-October. The Village is advertising for the open position. Deadline to apply is October 5th.
  • The EMS has received a grant for $29,000 to purchase a cardiac monitor.
  • Murray shared details of open items and current projects that are started but not yet completed. This includes all the grant projects, houses to be torn down, new cameras to be installed, and more details on the local recycling program.

Big USDA Loan for North Western Electric Co-Op

$8,000,000 loan to the North Western Electric Co-Op for system improvements. The co-op provides electric service to more than 6,000 consumers in Defiance, Henry, Paulding, and Williams Counties in northwestern Ohio.

U.S. Senator Sherrod Brown (D-OH) announced that the United States Department of Agriculture (USDA) has awarded an $8,000,000 loan to the North Western Electric Co-Op for system improvements.The North Western Electric Co-Op provides electric service to more than 6,000 consumers in Defiance, Henry, Paulding, and Williams Counties in northwestern Ohio. The loan will help the Co-Op expand and improve electric service for northwest Ohio residents.

“Rural Ohioans face unique challenges in getting the power they need to keep the lights on,” said Brown. “This investment provides North Western Electric Co-op with the resources it needs to ensure Northwest Ohio has access to the power needed to attract and create jobs and provide a secure power source for its customers.”

The funds for this loan are a part of the USDA’s Electric Infrastructure Loan and Loan Guarantee Program. Brown helped secure a strong Rural Development title in the 2014 Farm Bill, and is continuing to advocate for Rural Development programs in the 2018 Farm Bill.

NB School Board Meets Tuesday 9/25

North Baltimore Local School Board Meeting – September 25, 2018, 6:00 pm

NORTH BALTIMORE LOCAL SCHOOLS BOARD OF EDUCATION NORTH BALTIMORE MIDDLE/HIGH SCHOOL
2012 Tiger Dr.
September 25, 2018 6:00 PM
REGULAR AGENDA

This meeting is a meeting of the Board of Education in public for the purpose of conducting the School District’s business and is not to be considered a public community meeting.

OPPORTUNITY TO ADDRESS THE BOARD A pamphlet is provided at the board meeting for members of the community to review the proper procedure to address both agenda and non-agenda items. Please review this pamphlet before making any statements to the Board. After being recognized by the President, please provide your name and address to the Treasurer. Please limit your comments to three minutes.

NBLS September Agenda 2018

Editor’s Note: NBX is not able to publish the entire text of the agenda due to formatting issues, with the voting tally included on the agenda provided by the school district. Thank you for your understanding! Ed.