The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 20, 2024 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2024 through May 31, 2025. The PUCO's Finding and Order can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for February 2024 has been updated from the announcement made on Thursday, January 4, 2024. The updated energy obligation is approximately 8.81 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the product in the CBP auction scheduled for February 20, 2024 are $80.00/MWh and $120.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $120.00/MWh. 

For the February 20, 2024 CBP Auction, the tranche target is as follows:

• Delivery period June 2024 through May 2025 (12 months): 35 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 8.70 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held September 19, 2023 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2024 through May 31, 2025. The PUCO's Finding and Order can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for September 2023 has been updated from the announcement made on Friday, August 4, 2023. The updated energy obligation is approximately 8.98 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for September 19, 2023 are $80.00/MWh and $120.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $120.00/MWh.  

For the September 19, 2023 CBP Auction, the tranche target is as follows:

• Delivery period June 2024 through May 2025 (12 months): 35 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 9.13 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held July 25, 2023 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2024 through May 31, 2025. The PUCO's Finding and Order can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auctions. The MW-measure of the tranches in the auction scheduled for July 2023 has been updated from the announcement made on Thursday, June 1, 2023. The updated energy obligation is approximately 9.23 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the product in the CBP auction scheduled for July 25, 2023 are $80.00/MWh and $120.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $120.00/MWh.  

For the July 25, 2023 CBP Auction, the tranche target is as follows:

• Delivery period June 2024 through May 2025 (12 months): 30 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 11.52 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

Duke Energy Ohio, Inc. has received approval from the Public Utilities Commission of Ohio (“PUCO”) to modify its Standard Service Offer (“SSO”) auction schedule to procure SSO supply for the 2024/2025 delivery year. Per the modified schedule, Duke Energy Ohio, Inc. will hold an additional auction in July 2023 to procure a 12-month supply of 30 tranches. These tranches, which have a delivery period of June 1, 2024 to May 31, 2025, were previously scheduled to be auctioned in the February 2023 auction but were deferred due to the Base Residual Auction (BRA) delay. The remaining 70 tranches for the 2024/2025 delivery year will be procured as previously scheduled in the September 2023 and February 2024 auctions.
The updated delivery schedule can be found here. A PDF of the Commission’s May 17, 2023 Finding and Order is available here. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 21, 2023 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2023 through May 31, 2024. The PUCO's Finding and Order can be viewed here. 

The Public Utilities Commission of Ohio (“PUCO”) has granted the motion from Duke Energy Ohio, Inc. to modify the products in the February 2023 auction so the delivery period is 12 months. A PDF of the Commission’s February 10, 2023 Entry is available here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auctions. The MW-measure of the tranches in the auction scheduled for February 2023 has been updated from the announcement made on Thursday, January 5, 2023. The updated energy obligation is approximately 16.95 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the products in the CBP auctions scheduled for February 21, 2023 are $90.00/MWh and $130.00/MWh, respectively. Prior to the auctions, the actual starting prices for each product will be disclosed to bidders. These starting prices are expected to fall within the range of $90.00/MWh and $130.00/MWh.  

For the February 21, 2023 CBP Auction, there are two products and the tranche targets for the products are as follows:

• Delivery period June 2023 through May 2024 (12 months): 50 tranches
• Delivery period June 2023 through May 2025 (24 months): 30 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 15.76 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held September 20, 2022 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2023 through May 31, 2024. The PUCO's Finding and Order can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auctions. The MW-measure of the tranches in the auction scheduled for September 2022 has been updated from the announcement made on Thursday, January 6, 2022. The updated energy obligation is approximately 13.40 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting price for the product in the CBP auction scheduled for September 20, 2022 are $100.00/MWh and $120.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $100.00/MWh and $120.00/MWh.  

Pursuant to the Bidding Rules, Section 4.1.3, no later than eight (8) business days prior to the Part 1 Application Due Date, the Auction Manager will announce for each product in the auction:

• The tranche targets or the number of tranches being procured.
• The sizes (%) and MW-measure of the tranches in the auction.

For the September 2022 CBP Auction, there is one product and the tranche target for the product is as follows:

• Delivery period June 2023 through May 2024 (12 months): 40 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 11.76 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 22, 2022 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2022 through May 31, 2023. The PUCO's Finding and Order can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auctions. The MW-measure of the tranches in the auction scheduled for February 2022 has been updated from the announcement made on Thursday, January 6, 2022. The updated energy obligation is approximately 9.34 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (“PUCO”) has approved the motion from Duke Energy Ohio, Inc. to modify the products in the February 2022 auction so the delivery period is 12 months. A PDF of the Commission’s January 26, 2022 Finding and Order is available here. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for February 22, 2022 are $70.00/MWh and $90.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $70.00/MWh and $90.00/MWh.  

FFor the February 22, 2022 CBP Auction, there are two products and the tranche targets for the products are as follows:

• Delivery period June 2022 through May 2023 (12 months): 20
• Delivery period June 2022 through May 2024 (24 months): 30

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 9.29 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held September 21, 2021 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2022 through May 31, 2023. The PUCO's Finding and Order can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auctions. The MW-measure of the tranches in the auction scheduled for September 2021 has been updated from the announcement made on Thursday, August 5, 2021. The updated energy obligation is approximately 8.46 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the product in the CBP auction scheduled for September 21, 2021 are $60.00/MWh and $80.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $60.00/MWh and $80.00/MWh.  

For the September 2021 CBP Auction, the tranche target is as follows:

• Delivery period June 2022 through May 2023 (12 months): 50 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 8.21 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

Duke Energy Ohio has received approval from the Public Utilities Commission of Ohio (“PUCO”) to adjust the products scheduled for the remaining ESP auctions.

The updated delivery schedule can be found here. A PDF of the Commission’s June 16, 2021 Finding and Order is available here. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 23, 2021 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2021 through May 31, 2022. The PUCO's Finding and Order can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for February 2021 has been updated from the announcement made on Thursday, January 7, 2021. The updated energy obligation is approximately 7.67 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the product in the CBP auction scheduled for February 23, 2021 are $60.00/MWh and $80.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $60.00/MWh and $80.00/MWh.  

For the February 2021 CBP auction, the tranche target is as follows:

• Delivery period June 2021 through May 2022 (12 months*): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 7.69 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.

*On July 15, 2020 the PUCO issued a Finding and Order directing each EDU to modify the products in the upcoming Fall 2020 and Spring 2021 auctions. This is part of a broader plan set forth by the PUCO to modify the SSO procurement auction processes to mitigate the possible significant effects caused by recent uncertainty surrounding PJM’s base residual auction. The February 2021 auction product for Duke Energy Ohio has been modified from a 36-month product to a 12-month product with a delivery period covering June 1, 2021 through May 31, 2022.  

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held September 22, 2020 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2021 through May 31, 2022. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for September 2020 has been updated from the announcement made on Wednesday, August 5, 2020. The updated energy obligation is approximately 7.63 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for September 2020 has been updated from the announcement made on Wednesday, August 5, 2020. The updated energy obligation is approximately 7.63 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (“PUCO”) has approved the motion from Duke Energy Ohio, Inc. to modify the products in the September 2020 and February 2021 auctions so the delivery period is 12 months. A PDF of the Commission’s August 26, 2020 Finding and Order is available here. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for September 22, 2020 are $60.00/MWh and $80.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $60.00/MWh and $80.00/MWh.  

For the September 2020 CBP auction, the tranche target is as follows:

• Delivery period June 2021 through May 2022 (12 months*): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 7.75 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.

*On July 15, 2020 the PUCO issued a Finding and Order directing each EDU to modify the products in the upcoming Fall 2020 and Spring 2021 auctions. This is part of a broader plan set forth by the PUCO to modify the SSO procurement auction processes to mitigate the possible significant effects caused by recent uncertainty surrounding PJM’s base residual auction. The September 2020 auction product for Duke Energy Ohio has been modified from a 36-month product to a 12-month product with a delivery period covering June 1, 2021 through May 31, 2022. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 25, 2020 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2020 through May 31, 2022. The PUCO's news release can be viewed here. 

The Public Utilities Commission of Ohio has accepted Duke Energy Ohio’s modified schedule in response to the delay in PJM’s base residual auction for the 2022/2023 planning year. As announced in the Bidder Information Session, the product in the upcoming Duke Energy Ohio auction will be:

• Delivery period June 2020 through May 2022 (24 months): 17 tranches

A PDF of the Order is available here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for February 2020 has been updated from the announcement made on Wednesday, January 8, 2020. The updated energy obligation is approximately 7.99 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the product in the CBP auction scheduled for February 25, 2020 are $60.00/MWh and $80.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $60.00/MWh and $80.00/MWh. 

For the February 2020 CBP auction, the tranche target is as follows:

• Delivery period June 2020 through May 2022 (24 months*): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 8.24 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.

*Please note that due to the recent FERC Order, the PJM Base Residual Auction for the 2022/2023 planning year will not occur until after the February 25, 2020 auction. As a result, the February 2020 auction product has been modified from the 36-month product to a 24-month product with a delivery period covering June 1, 2020 through May 31, 2022. This update to the auction product is currently pending approval with the Public Utilities Commission of Ohio (PUCO). The additional 12-month delivery period from June 1, 2022 to May 31, 2023 will be auctioned at a later date. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held September 10, 2019 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2020 through May 31, 2022. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for September 2019 has been updated from the announcement made on Monday, July 22, 2019. The updated energy obligation is approximately 8.08 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for September 10, 2019 are $70.00/MWh and $90.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $70.00/MWh and $90.00/MWh.  

The Public Utilities Commission of Ohio (PUCO) has modified the Duke Energy Ohio, Inc. auction delivery schedule in response to a recent order from the Federal Energy Regulatory Commission (FERC) regarding the PJM base residual auction. The Order from the PUCO states that the product in Duke Energy Ohio, Inc.’s September 2019 CBP auction is to be updated to a 24-month delivery period (from June 2019 to May 2021). The remainder of the product, covering the period of June 2022 to May 2023, will be offered in one of the future scheduled Duke Energy Ohio auctions. The full PUCO Order can be viewed here. 

For the September 2019 CBP auction, the tranche target is as follows:

• Delivery period June 2020 through May 2023 (36 months): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 7.87 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 26, 2019 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2019 through May 31, 2022. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for February 2019 from the announcement made on January 8, 2019. Thus, based on historical data, the energy obligation is approximately 8.34 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the product in the CBP auction scheduled for February 26, 2019 are $70.00/MWh and $90.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $70.00/MWh and $90.00/MWh. 

For the February 2019 CBP auction, the tranche target is as follows:

• Delivery period June 2019 through May 2022 (36 months): 16 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 8.34 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (PUCO) today approved a new Electric Security Plan (ESP) for Duke Energy Ohio. In its ruling, the PUCO also approved the process that Duke Energy Ohio will use to set customer rates through May 2025. Pursuant to this ESP, a Competitive Bidding Process (CBP) will be conducted to procure full requirements service for standard service offer customers, excluding those customers participating in the percentage of income payment plan. For more information, please click here. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held September 25, 2018 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2019 through May 31, 2022. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for September 2018 from the announcement made on August 6, 2018. Thus, based on historical data, the energy obligation is approximately 8.45 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for September 25, 2018 are $70.00/MWh and $90.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $70.00/MWh and $90.00/MWh. 

For the September 2018 CBP auction, the tranche target is as follows:

• Delivery period June 2019 through May 2022 (36 months): 16 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 8.45 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 27, 2018 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2018 through May 31, 2021. The PUCO's news release can be viewed here. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held February 20, 2018 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2018 through May 31, 2021. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for February 2018 has been updated from the announcement made on December 19, 2017. The updated energy obligation is approximately 8.70 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the products in the CBP auctions scheduled for February 20, 2018 and February 27, 2018 are $70.00/MWh and $90.00/MWh, respectively. Prior to the auctions, the actual starting price for each product will be disclosed to bidders. This starting price is expected to fall within the range of $70.00/MWh and $90.00/MWh. 

The Public Utilities Commission of Ohio (PUCO) has officially authorized Duke Energy Ohio, Inc. to conduct two competitive bidding process (CBP) auctions in February 2018 to procure standard service offer (SSO) supply for SSO customers. The bidder application and qualification process, bidding design, and post-closing process will follow the same process as described in the pending ESP Filing for Case No. 17-1263-EL-SSO. More information can be viewed here. 

For the February 20, 2018 CBP Auction, there are three products and the tranche targets for the products are as follows:

• Delivery period June 2018 through May 2019 (12 months): 16
• Delivery period June 2018 through May 2020 (24 months): 17
• Delivery period June 2018 through May 2021 (36 months): 17

For the February 27, 2018 CBP Auction, there are three products and the tranche targets for the products are as follows:

• Delivery period June 2018 through May 2019 (12 months): 16
• Delivery period June 2018 through May 2020 (24 months): 17
• Delivery period June 2018 through May 2021 (36 months): 17

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 9.25 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held March 20, 2017 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2016 through May 31, 2018. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. The MW-measure of the tranches in the auction scheduled for March 2017 has been updated from the announcement made on February 1, 2017. The updated energy obligation is approximately 11.15 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The minimum and maximum starting prices for the product in the CBP auction scheduled for March 20, 2017 are $80.00/MWh and $100.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $100.00/MWh.  

For the March 2017 CBP auction, the tranche target is as follows:

• Delivery period June 2017 through May 2018 (12 months): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 10.98 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held November 29, 2016 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2017 through May 31, 2018. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2016 from the announcement made on October 3, 2016. Thus, based on historical data, the energy obligation is approximately 11.04 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for November 29, 2016 are $80.00/MWh and $100.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $100.00/MWh. 

For the November 2016 CBP auction, the tranche target is as follows:

• Delivery period June 2017 through May 2018 (12 months): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 11.04 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors.  

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held March 14, 2016 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2016 through May 31, 2018. The PUCO's news release can be viewed here. 

On March 2, 2016, the Public Utilities Commission of Ohio issued a Finding and Order in Case No. 16-247-EL-UNC, finding that each electric utility should implement a competitive RFP Auction to serve percentage of income payment plan (PIPP) load in the electric utility's service territory. The Order states that the RFP Auction should be implemented immediately to procure supply for the amount of PIPP load that would otherwise have been included in the utility's next SSO auction. No changes will be made to currently effective SSO supply contracts. The RFP Auctions will be developed by the electric utilities, in consultation with Staff, and conducted in conjunction with their upcoming auctions. As a result of this order, PIPP load will not be included as part of the SSO load in Duke Energy Ohio, Inc.’s March 14, 2016 CBP auction. The full Finding and Order is available here:
http://dis.puc.state.oh.us/TiffToPDf/A1001001A16C02B40330H00468.pdf 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for March 2016 from the announcement made on January 22, 2016. Thus, based on historical data, the energy obligation is approximately 11.35 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for March 14, 2016 are $80.00/MWh and $110.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $80.00/MWh and $110.00/MWh. 

Ohio law requires the Ohio Development Services Agency (ODSA) to aggregate the electric percentage of income payment plan (PIPP) load and procure supply for that load through a competitive procurement process. The Public Utilities Commission of Ohio (PUCO) will design, manage, and supervise the process and has initiated a proceeding under PUCO Case No. 16-247-EL-UNC pursuant to which it has solicited comments on PIPP supply procurements. Duke Energy Ohio cannot predict when the PUCO will issue an order in the referenced proceeding or the outcome of the proceeding. Documents filed in the proceeding are publicly available via the PUCO's docketing system. 

For the March 2016 CBP auction, the tranche target is as follows:

• Delivery period June 2016 through May 2018 (24 months): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 11.35 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held November 16, 2015 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO’s SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2015 through May 31, 2018. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2015 from the announcement made on September 29, 2015. Thus, based on historical data, the energy obligation is approximately 12.66 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for November 16, 2015 are $90.00/MWh and $120.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $90.00/MWh and $120.00/MWh. 

For the November 2015 CBP auction, the tranche target is as follows:

• Delivery period June 2016 through May 2018 (24 months): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 12.66 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today accepted the results of the latest wholesale auction held May 14, 2015 using a competitive bidding process (CBP) to procure standard service offer (SSO) supply for SSO customers of Duke Energy Ohio, Inc. (DEO). The results from the auction, combined with results from other previous and/or scheduled CBP auctions to procure DEO's SSO supply, will be used to determine retail generation service rates for the delivery period June 1, 2015 through May 31, 2018. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager will announce any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for May 2015 from the announcement made on April 7, 2015. Thus, based on historical data, the energy obligation is approximately 12.66 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for each of the three products in the CBP auction scheduled for May 14, 2015 are $90.00/MWh and $120.00/MWh, respectively. Prior to the auction, the starting price for each product will be disclosed to bidders. The starting price may vary by product but each product's starting price is expected to fall within the range of $90.00/MWh and $120.00/MWh.  

For the May 2015 CBP Auction, there are three products and the tranche targets for the products are as follows:

• Delivery period June 2015 through May 2016 (12 months): 34 tranches
• Delivery period June 2015 through May 2017 (24 months): 34 tranches
• Delivery period June 2015 through May 2018 (36 months): 32 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 12.66 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

CINCINNATI - The Public Utilities Commission of Ohio (PUCO) today approved a new Electric Security Plan (ESP) for Duke Energy Ohio. In its ruling, the PUCO also approved the process that Duke Energy Ohio will use to set customer rates from Jun. 1, 2015, through May 31, 2018. Pursuant to this ESP, a Competitive Bidding Process (CBP) will be conducted to procure full requirements service for standard service offer customers, including those customers participating in the percentage of income payment plan.

For more information, please click here. 

The Public Utilities Commission of Ohio (PUCO) today approved the results of the fifth auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2013 from the announcement made on September 12, 2013. Thus, based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for November 12, 2013 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh.  

For the November 2013 CBP auction, the tranche target is as follows:

• Delivery period June 2014 through May 2015 (12 months): 16 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today approved the results of the fourth auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for May 2013 from the announcement made on March 20, 2013. Thus, based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for May 21, 2013 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh. 

For the May 2013 CBP auction, the tranche target is as follows:

• Delivery period June 2014 through May 2015 (12 months): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 13.29 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today approved the results of the third auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for November 2012 from the announcement made on September 13, 2012. Thus, based on historical data, the energy obligation is approximately 16.19 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for November 15, 2012 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh. 

For the November 2012 CBP auction, the tranche target is as follows:

• Delivery period June 2013 through May 2015 (24 months): 16 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 16.19 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today approved the results of the second auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for May 2012 from the announcement made on March 15, 2012. Thus, based on historical data, the energy obligation is approximately 15.98 MW per tranche. This value is provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The minimum and maximum starting prices for the product in the CBP auction scheduled for May 22, 2012 are $65.00/MWh and $85.00/MWh, respectively. Prior to the auction, the actual starting price for the product will be disclosed to bidders. This starting price is expected to fall within the range of $65.00/MWh and $85.00/MWh. 

Pursuant to the Public Utilities Commission of Ohio’s April 11 Entry for Case No. 11-6000-EL-SSO, the four remaining auctions under the ESP scheduled for May 2012, November 2012, May 2013, and November 2013 will use a two-phase auction format. The auction format will include a multi-round descending-price clock format (phase one) possibly followed by a sealed-bid round (phase two). Bidders that bid at least one tranche in the penultimate round of the clock phase and then decreased their bid quantity in the final round of the clock phase will submit a bid in the sealed-bid round. The Bidding Rules document has been updated accordingly and can be found here. 

For the May 2012 CBP auction, the tranche target is as follows:

• Delivery period June 2013 through May 2015 (24 months): 17 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 15.98 MW per tranche. This value is provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio (PUCO) today approved the results of the first auction that will determine Duke Energy Ohio’s electric generation rates through May 2015. The PUCO's news release can be viewed here. 

The minimum and maximum starting prices for each of the three products in the CBP auction scheduled for December 14, 2011 are $70.00/MWh and $90.00/MWh, respectively. Prior to the auction, the starting price for each product will be disclosed to bidders. The starting price may vary by product but each product's starting price is expected to fall within the range of $70.00/MWh and $90.00/MWh. 

Pursuant to the Bidding Rules, no later than four (4) days prior to the Part 2 Application Due Date, the Auction Manager announces any update to the MW-measure of the tranches in the auction. There is no change in the MW-measure of the tranches in the auction scheduled for December 2011 from the announcement made on November 10, 2011. Thus, based on historical data, the energy obligation is approximately 16.47 MW per tranche, and the capacity obligation is approximately 18.13 MW per tranche. These values are provided for reference purposes only. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

The Public Utilities Commission of Ohio approved today an agreement that will set electric generation rates for Duke Energy Ohio customers from Jan. 1, 2012 to May 31, 2015.“ Today’ s decision is another step in the process of encouraging a robust and vibrant competitive market for electric consumers,” PUCO Chairman Todd Snitchler said in a news release.
http://www.bizjournals.com/cincinnati/news/2011/11/22/duke-energy-rate-plan-approved.html 

CINCINNATI, Nov. 22, 2011/ PRNewswire/-- The Public Utilities Commission of Ohio today approved a new Electric Security Plan for Duke Energy Ohio. In its ruling, the PUCO also approved the process that Duke Energy Ohio will use to set customer rates from Jan. 1, 2012, through May 31, 2015. 
http://new.newsedge.com/servlet/newsedge/newsedge 

CINCINNATI - The Public Utilities Commission of Ohio (PUCO) today approved a new Electric Security Plan (ESP) for Duke Energy Ohio. The PUCO approved a stipulation, or settlement, without material modification, that Duke Energy Ohio reached in October with nearly all of the intervening parties in its ESP proceeding. In its ruling, the PUCO also approved the process that Duke Energy Ohio will use to set customer rates from Jan. 1, 2012, through May 31, 2015.
http://www.duke-energy.com/news/releases/2011112202.asp 

For the December 2011 CBP auction, the tranche targets are as follows:

• Delivery period January 2012 through May 2013 (17 months): 33 tranches
• Delivery period January 2012 through May 2014 (29 months): 33 tranches
• Delivery period January 2012 through May 2015 (41 months): 34 tranches

Each tranche is one percent (1%) of the energy obligation and capacity obligation to serve SSO Load. Based on historical data, the energy obligation is approximately 16.47 MW per tranche, and the capacity obligation is approximately 18.13 MW per tranche. These values are provided for reference purposes only and may be updated prior to the auction as explained in the Bidding Rules. Duke Energy Ohio, Inc. does not represent that each tranche will have the loads shown above or any particular MW value - the actual SSO Load during the Delivery Period will depend upon many factors. 

On Tuesday, November 8, 2011, Duke Energy Ohio (DEO) and CRA International will host the first bidder information session for the December 14, 2011 CBP procurement. This presentation will be made via WebEx. Through the 2011 procurement, DEO will seek to procure supply contracts covering 100% of DEO’s SSO load requirements. A mix of 17, 29 and 41-month supply contracts will be procured through the auction. The contract delivery periods will begin on January 1, 2012 with the longest tenured supply contracts extending through May 31, 2015. For more information on the schedule of procurements and contract durations, please visit the auction calendar available at http://www.duke-energyohiocbp.com/portals/0/Auction_Delivery_Dates.png 

Duke Energy Ohio, Inc., submitted an application for approval of an Electric Security Plan to the Public Utilities Commission of Ohio (Commission) on June 20, 2011. On October 24, 2011, a stipulated settlement was filed by nearly all of the parties in the case, including Duke Energy Ohio, Commission Staff, customer groups and both wholesale and retail suppliers. The stipulation makes express provision for the use of a competitive bidding process plan, or auctions, in respect of Duke Energy Ohio’s standard service offer load. Further, the signatory parties recommend approval of the stipulation on an expedited basis to enable the first auction to be conducted in December 2011. A hearing on the stipulation will be held (was held) on November 3, 2011. Duke Energy Ohio is initiating activity related to a December auction, pending Commission approval. 

COLUMBUS, Ohio— An agreement announced by Duke Energy and state officials is expected to mean lower bills next year for the company's electric customers in southwest Ohio. Duke Energy Ohio says the deal reached Monday will save the average customer 11 percent, or roughly $14 per month, starting Jan. 1. Click here to read the news. 

FirstEnergy Solutions, a subsidiary of FirstEnergy announced its support for a comprehensive settlement agreement in the Duke Energy Ohio Electric Security Plan rate proceeding that gives all Duke Energy Ohio customers access to competitive markets beginning January 1, 2012. Click here to read the news. 

BusinessWire, 10-24-11 A broad coalition of electricity stakeholders, including representatives of a wide range of customers and customer groups, competitive retail and wholesale suppliers, environmental organizations, and others, today praised a unanimous settlement agreement reached in Duke Energy Ohio’ s Electric Security Plan rate case pending before the Public Utilities Commission of Ohio.“ The settlement negotiated by more than 25 parties to the Duke Energy Ohio rate case supports competition, preserves customer choice and will ultimately increase opportunities for cost savings,” said Bill Massey, Counsel to the COMPETE Coalition.“ That’ s great news for business and residential electricity customers in Ohio.” If approved by the PUCO, the settlement will help sustain and expand what currently is a robust electricity marketplace in Duke Energy Ohio’ s service territory, where more than two-thirds of the total electricity used is now provided by competitive suppliers.“ Thousands of customers throughout the Duke Energy Ohio service territory already are taking advantage of the opportunity to save on their electric bills by actively shopping and choosing their electric supplier,” said Massey.“ The proposed settlement will help ensure that the benefits of competition enjoyed by customers in recent years are expanded even further.” The Duke Energy Ohio settlement also supports Ohio’ s economic growth and job creation goals.“ Competition drives innovation and keeps customers’ energy costs as low as possible, making Ohio more attractive to businesses seeking to grow and improving Ohio’ s competitiveness in the national and world economies,” said Massey.“ The Duke Energy Ohio settlement will help sustain the kind of vibrant, competitive electricity market that spurs business investment, economic development and job creation.” If approved by the PUCO, the proposed Duke Energy Ohio settlement would take effect January 1, 2012, and establish the rate plan that will be in effect through May 31, 2015. About COMPETE The COMPETE Coalition is 600 electricity stakeholders, including customers, suppliers, generators, transmission owners, trade associations, environmental organizations and economic development corporations– all of whom support well-structured competitive electricity markets for the benefit of our country. Click here to read the news. 

Duke Energy Ohio asked regulators for approval of an Electric Security Plan (ESP) for its customers beginning January 1, 2012. Click here to read the news.