Dominion East Ohio Default Service Retail Price Adder Falls Significantly in Auction

Staff of the Public Utilities Commission of Ohio have filed the Retail Price Adjustment resulting from Dominion East Ohio's Standard Choice Offer auction, for default service for the period April 1, 2014 to March 31, 2015.

The SCO auction for the April 1, 2014 to March 31, 2015 term resulted in a Retail Price Adjustment (RPA) of $0.43 per Mcf. The current RPA is $0.60 per Mcf, and the $0.43 per Mcf clearing price is lower than any previously approved RPA for Dominion.

The results from the 2014-15 SCO auction remain subject to PUCO approval. If approved, the Retail Price Adjustment will be added to the NYMEX closing price for the prompt month to set the Standard Choice Offer rate. The Standard Service Offer rate, provided to choice-ineligible customers, will be identical to the SCO rate.

The SCO auction is a retail auction which assigns specific residential customers to winning suppliers (plus a portion of the residential and non-residential load ineligible for choice, such as Percentage of Income Payment Plan customers) for a one-year term.

The SCO auction was conducted by World Energy Solutions, Inc.