Former PUCO chairman leads fight against utility deals

COLUMBUS, Ohio (AP) – The former chairman of the Public Utilities Commission of Ohio is helping to lead a campaign against a pair of deals struck by the commission since he’s left.

The Columbus Dispatch reports Todd Snitchler has emerged as a leading opponent for a coalition of companies that claim profit guarantee proposals for American Electric Power and FirstEnergy will undermine the state’s competitive market.

Snitchler was PUCO’s chairman from 2011 to 2013 and now works for Vorys Advisors LLC, a Columbus lobbying firm. His client in this case is the Alliance for Energy Choice.

PUCO’s settlement proposals with AEP and FirstEnergy would give each company an eight-year profit guarantee for selected power plants. Snitchler says he sees the moves as corporate bailouts and a retreat from competitive markets.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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