Overview
- Ohio regulators replaced a five-year amortization with a 25-year schedule, cutting annual storm-related collections to about $9.8 million from roughly $49 million.
- New base-rate changes take effect March 1: estimated monthly shifts for a 1,000 kWh residential customer are +$11.60 for the Illuminating Company, +$2.88 for Ohio Edison, and −$3.75 for Toledo Edison.
- The order revises revenue outcomes, moving from a previously approved net $34 million annual increase to a $6.3 million annual decrease across FirstEnergy’s Ohio utilities.
- PUCO said it will review and audit the storm-cost spending to ensure the charges are appropriate.
- The Ohio Consumers’ Counsel welcomed lower yearly charges but warned the longer payoff could raise total lifetime costs, and FirstEnergy said it is reviewing the ruling.