04/25/2024 | Press release | Distributed by Public on 04/25/2024 10:43
Published on 4/25/2024
Filed under: Electric
Investigation Will Examine Rate Increases Proposed for the Met-Ed, Penelec, Penn Power and West Penn Power Rate Districts
HARRISBURG - The Pennsylvania Public Utility Commission (PUC) today voted to suspend and investigate proposed rate increases by FirstEnergy Pennsylvania Electric Company (FirstEnergy), for electric distribution services, seeking an annual increase in revenues of $503,848,000 (34%).
FirstEnergy provides services to customers in the Med-Ed, Penelec, Penn Power and West Penn Power Rate Districts, which serve about 2.1 million customers in 56 counties across Pennsylvania.
The Commission voted 5-0 to investigate FirstEnergy's rate increase requests, which were filed on April 2, 2024.
Based on today's action by the Commission, the rate increase requests are now suspended for up to seven months from the proposed effective date of June 1, 2024, and will be assigned to the PUC's Office of Administrative Law Judge for investigation and recommended decisions. More information on the ratemaking process is available on the Commission's website.
The rate increase proposal filed by FirstEnergy requests the following rate changes for their four rate districts:
A final PUC decision on the FirstEnergy rate increase request is due by Jan. 1, 2025.
About the PUC
The Pennsylvania Public Utility Commission balances the needs of consumers and utilities; ensures safe and reliable utility service at reasonable rates; protects the public interest; educates consumers to make independent and informed utility choices; furthers economic development; and fosters new technologies and competitive markets in an environmentally sound manner.
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Docket No.: R-2024-3047068