AES Ohio files Electric Security Plan to improve reliability, customer price protection and future economic growth
The company's ESP is a comprehensive plan to enhance and upgrade its network and improve service reliability, provide greater safeguards for price stability and continue investments in local economic development. AES Ohio intends to increase investments in the distribution infrastructure and deploy a proactive vegetation management program.
"We understand, first and foremost, our customers want reliable service while maintaining affordable rates," said AES Ohio President and Chief Executive Officer
If approved as proposed, the initial impact for an AES Ohio residential customer using 750 kilowatt hours per month would be less than
Beyond the various requirements of the ESP, AES Ohio is proposing new and innovative programs to help customers save money while meeting their ever-changing energy needs driven by new smart technologies. The plan has energy efficiency programs for residential and low-income customers, which include ways to save by utilizing smart thermostat technology.
Lastly, the plan includes new pricing incentives to promote the growth and expansion of companies in the region, helping to foster a strong local job market.
"AES Ohio remains committed to providing reliable energy at competitive prices, while investing and supporting the communities where we live and work," Lund said. "This plan is thoughtfully designed to best serve our customers, reaffirms our commitment to the community and accelerates the future of energy."
About AES Ohio
AES Ohio is the principal subsidiary of
This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements include declarations regarding management's intents, beliefs and current expectations and typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan," "seek" and similar words. Such forward-looking statements include, without limitation, statements with respect to infrastructure improvements, strategic objectives, business prospects, management's expectations, and AES Ohio's proposed Electric Security Plan and its effects, including those on AES Ohio's financial performance and condition. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES Ohio's current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, timing of events, accurate projections of market conditions and regulatory rates, future interest rates, commodity prices, and continued operating performance and electricity volume at distribution companies, as well as achievements of planned productivity improvements and growth investments at expected rates of return.
Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in DPL's and AES Ohio's filings with the
View original content to download multimedia:https://www.prnewswire.com/news-releases/aes-ohio-files-electric-security-plan-to-improve-reliability-customer-price-protection-and-future-economic-growth-301633488.html