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Last updated 8:33PM ET
July 15, 2018
WOUB Local News
WOUB Local News
Governor says deregulation of electric industry not working
(WOUB) - Governor Strickland says the state needs a fresh approach to overseeing the electricity industry.

He says Ohio must find some type of hybrid approach between regulation of electric distribution and the deregulation approved eight years ago. Strickland says it has failed to spark competition or bring down customers' electric bills.

At a luncheon meeting in Columbus, the governor told members of the Toledo Regional Chamber of Commerce that he's begun meeting with state utility regulators and will also seek input from utilities, consumers and interest groups.

The 1999 law required a five year period with frozen distribution rates and a five percent discount on generating energy to allow the market to develop.

(Copyright 2007 by The Associated Press. All Rights Reserved.)
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