The state's advocate for residential utility customers says American Electric Power's proposed rate plan could raise next summer's rates for many Ohio customers by 31 percent.
The office of the Ohio Consumers' Counsel said Tuesday that the proposal would shift rates for generating electricity, leaving residential customers paying more in relation to commercial and industrial users. It argues instead for a uniform rate change across all categories.
Regional banking company Fifth Third Bancorp says its second-quarter earnings more than doubled as credit trends continued to improve.
The Cincinnati-based company reports net income of $328 million for April, May and June. That compares with earnings of $130 million in the same period a year ago. Some analysts expect earnings-per-share of 28 cents.
Fifth Third says it saw growth in mortgage banking, credit card and corporate banking revenue. They operate more than 1,300 banking centers in 12 states.
The Greene Town Center, LLC, believes it should be relieved of a $14.8 million dollar tax set aside for Greene County.
The Greene's owners filed a lawsuit in April against Greene County officials instructing the county to perform its legal duties according to the Feb. 1, 2005, contract that sets the terms to retire the letter of credit.