Ohio's Energy Project Delays Cost $440 Million Annually, Study Finds
A study by the Ohio Chamber of Commerce Research Foundation reveals that Ohio loses $440 million annually in potential energy investments due to regulatory delays. The Ohio Power Siting Board, responsible for permitting energy projects, often exceeds its 150-day decision timeline, averaging 18 months instead. This bottleneck affects job creation, with an estimated loss of 5,400 jobs annually. The study suggests that Ohio needs stricter enforcement of deadlines to improve the permitting process. House Bill 15, recently signed into law, aims to ease some regulatory challenges for heavy energy users by allowing behind-the-meter generation.