Rep. Ramos: Stopping Energy Standards Costs Ohio’s Economy, Consumers and Environment
6/5/2014, 9 p.m.
COLUMBUS—Today, State Rep. Dan Ramos (D-Lorain) voted against Senate Bill 310, legislation to suspend Ohio’s advanced energy standards. The bill makes Ohio the first state to reverse Renewable Portfolio Standards by eliminating targets for advanced energy and freezing targets for renewable energy.
“Senate Bill 310 is a slap in the face to reason and responsibility. Once again, Ohio has proven its desire to go backwards as the rest of the country moves forward,” said Rep. Ramos.
Current renewable energy standards brought more than $1 billion in private capital investment to the state in recent years. Senate Bill 310 will jeopardize $6 billion in potential capital investment and thousands of jobs that would have been created over the coming years in renewable energy and efficiency projects across the state. Seventy-three companies and organizations, including the United Auto Workers, Anheuser Busch and Honda, publicly opposed the bill.
“Suspending these standards jeopardizes thousands of jobs and billions of dollars in investments,” said Rep. Ramos. “There are no pauses or freezes in the economy. If we stop moving forward we will lose ground to other states and nations aggressively pursuing job growth in this new industry.”
With the two-year freeze, Ohio energy rates will increase for ratepayers by $150. Over that same period, rates will increase for commercial customers by $31,000 harming the ability of businesses to hire additional employees.
These standards, passed by the legislature in 2008 with nearly unanimous bipartisan support, have already saved $1.03 billion for Ohio consumers and businesses. Projections estimate that if the standards were kept in place, Ohio consumers and businesses would enjoy over $4 billion in potential savings over the next 10 years.