Ohio Energy Group

What it reported doing in 2024

Ensured member companies realized the lowest reasonable cost for reliable energy.the Ohio energy group inc. (oeg) is an Ohio non-profit corporation whose members are industrial purchasers of electricity and natural gas in Ohio. Through, or with the assistance of legal counsel, oeg's past, present and planned activities are as follows: to intervene in Ohio regulatory proceedings to represent the interests of the oeg members relating to the purchase of electricity and natural gas. The Ohio public utilities commission (puco) continues to regulate many aspects of the production, distribution and sale of electricity in Ohio. It is imperative to participate in such proceedings to protect and promote the shared interest of the members of oeg, with respect to purchase and consumption of electricity by the members, as industrial consumers of electricity, and directly relates to its exempt purpose of collectively handling various issues related to electricity and natural gas in Ohio. Oeg has participated in various regulatory proceedings since its formation on september 11, 2003. Participation in regulatory proceedings is initiated by legal counsel for oeg and conducted primarily before the puco in columbus, Ohio. The approximate percentage of time devoted to this activity is and will be 10%.to negotiate with electric and natural gas providers on issues being considered or in dispute before the puco. The puco frequently encourages negotiation and potential settlement of issues before it. Negotiation of issues that are the subject to proceedings with the puco would protect and promote the oeg members and advance its exempt purpose in the same way as oeg's intervention in Ohio regulatory proceedings before the puco. Oeg has conducted negotiations with natural gas and electric providers on a continuing basis since its formation on september 11, 2003. Negotiations are conducted by legal counsel for oeg at various locations, including the office of legal counsel in cincinnati, Ohio, and at the location of gas and/or electric providers within the state of Ohio. The approximate percentage of time spent on this activity is and will be 25%.to educate oeg members about issues that are under consideration by the puco, or raised by particular members relating to electricity and natural gas in Ohio, through regular memoranda, conference calls and membership meetings, either regularly scheduled, or pursuant to special purpose meetings called by the members. The exchange of educational information regarding issues of common interest surrounding electricity and natural gas purchase and transmission in Ohio for oeg members is directly related to its exempt purpose in protecting and promoting the interests of oeg members in connection with electricity and natural gas purchasing. This activity has been on-going since its formation on september 11, 2003 and is expected to a continuous feature of membership. Memoranda are generated by oeg legal counsel, and responses are made and exchanged normally through legal counsel, and collectively distributed to members via electronic transmission, fax or regular mail. Conference calls are initiated at the office of legal counsel, and meetings are periodically held at locations selected by the members. The approximate percentage of time spent on this activity is and will be 10%.to monitor Ohio legislative proposals, report to the members on the potential effect of such legislation, in connection with the cost and reliability of energy service to members, and to assist members in lobbying legislators on an "ad hoc" basis, as requested by the members. This activity is also directly related to furthering oeg's exempt purpose of protecting and promoting the interest of oeg members in connection with the costs and reliability of electricity and natural gas in Ohio. Monitoring of Ohio legislative proposals has been ongoing since formation on september 11, 2003 and continues to the present and is expected to continue into t

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 1 of 7 controls in place; rating input score 14
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 3.4%; rating input score 46; 46th percentile among comparable filings
• Total-asset coverage ratio: 0.09; rating input score 4; 4th percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 10.3% per year; rating input score 100; 67th percentile among comparable filings
• Asset growth: 31.9% per year; rating input score 100; 92nd percentile among comparable filings