In this letter, we present a novel optical power splitter having an arbitrary split-ratio that can be tuned over a wide range by employing relatively low voltage levels. It is based on a slotted ring resonator. A 120 nm electro-optic polymer-filled slot is created throughout the circumference of the ring. The hybrid ring resonator is made to work between the full and off resonance states, allowing it to work as a power splitter. This is done by changing the refractive index of the electrooptic polymer inside the slot by the application of an external electric field. The splitter combines the electro-optic functionality of the polymer with the high index contrast of the silicon, resulting in a low tuning voltage power splitter. Over a small voltage range of 0-1 V, it is possible to change the split-ratio of this splitter from 0.031-16.738, making it 10 times better than other competing designs. In addition, it takes less than 500 ps to reconfigure the splitter.