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PUCO orders AES Ohio to Issue Refunds Related to 2019 Earnings
On July 8, 2026 the Public Utilities Commission of Ohio (PUCO) issued an order on remand requiring AES Ohio to issue refunds totaling $11.01 million related to its earnings during 2019. Refunds will appear as a one-time monthly bill credit.
“The Commission adopts Staff’s proposed recalculation of The Dayton Power and Light Company d/b/a AES Ohio’s 2018 and 2019 Significantly Excessive Earnings Test, consistent with the Supreme Court of Ohio’s remand order.”
The Commission’s order on remand accepts a PUCO staff calculation finding the utility’s earned return on equity of 15.61% in 2019 to be excessive and ordered it to refund to customers $11,060,705.
Refunds will be allocated across customer classes in line with the utility revenues during 2018-2019, as proposed by the Ohio Consumer’s Counsel: Residential 62.70%; Commercial 21.13%; Industrial 8.68%; Local Government 7.46%; Railroads 0.02%. Individual bill impacts are not immediately available.
AES Ohio is ordered to file tariffs in compliance with the PUCO order by July 15, 2026, issue the one-time bill credits in the next applicable billing cycle, and notify customers via bill insert.
