Ohio moves closer to natural gas deregulation
Angry at his bank for taking too big a scoop in overdraft fees, one Pittsburgh ice cream shop owner decided to set up his own flavor of a community bank, with interest on deposits paid out in sweets.
Photographer: AP Graphics Bank
Posted: 01/10/2013
COLUMBUS, Ohio - The Public Utilities Commission of Ohio has taken another step toward the deregulation of natural gas.
The commission said Wednesday that two companies -- Columbia Gas of Ohio and Dominion East Ohio Gas -- can eliminate regulated pricing for households, with certain conditions.
Supporters of deregulation say the actions will lead to greater competition and lower prices. But opponents dispute it, saying that a few dominant suppliers no longer will have to compete with the regulated price.
The Columbus Dispatch reports that it's a significant step in a process that began in Ohio in the 1990s.
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