This week, the Public Utilities Commission of Ohio (PUCO) announced that it will not make a decision by May 5th on FirstEnergy’s rate proposal, as requested by FirstEnergy and supporters of the proposal. This rate proposal concerns electric rates for the 3-year period beginning in June 1, 2011. The May 5th deadline was requested so that FirstEnergy could hold auctions this summer to set the generation prices for that period.
For more information, see John Funk’s article in Friday’s Plain Dealer: PUCO decides to slow down new electric-rate approval plan
