The current FirstEnergy rates in Ohio expire on May 31, 2011. FirstEnergy has filed a proposal with the Public Utilities Commission of Ohio (PUCO) for rates for the period from June 1, 2011 to May 31, 2014. The proposal includes a plan for auctions to be held to set the generation rates. With natural gas prices at new lows, this is an opportune time to go to the market to set new generation rates. The proposal also provides for quarterly updates to the distribution rates to pay for upgrades to the distribution system.
The PUCO will hold public hearings on the rate proposal. For more information, see John Funk’s article in the April 13th Plain Dealer: Hearings set on FirstEnergy rate plan
