First Energy Corp. utilities file with Penn PUC for $439 million in rate increases
Written By: Stratton Report
April 28, 2016
On April 28, FirstEnergy Corp. announced its Pennsylvania utilities filed electric rate plans with the Pennsylvania PUC. FirstEnergy’s rate request totals $439 million across all four Pennsylvania utilities.
FirstEnergy’s Pennsylvania utilities include Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec), Pennsylvania Power Company (Penn Power), and West Penn Power Company (West Penn Power).
The proposed rate plans will support FirstEnergy’s service reliability enhancement efforts in Pennsylvania. The plans include continued work to modernize the grid with smart technologies that can prevent or shorten power outages, additional tree trimming activities to protect poles and wires, and updating tablets and smart phones used by utility field staff to help streamline the power restoration process.
Linda Moss, president of Pennsylvania Operations for FirstEnergy.noted:
“Enhancing service reliability has been a major focus for us in Pennsylvania, and we’ve made significant strides in that area. Today’s requests will allow our utilities to build on our progress in serving our customers, including ongoing maintenance for the new equipment and facilities we have added over the past several years.”
If approved, monthly bills would increase on average in the range of $10.89 to $23.61, or about 9.64 to 17.1 percent, for a typical FirstEnergy Pennsylvania residential electric customer using 1,000 kilowatt-hours (kWh) per month.