Effective June 1, 2010, FirstEnergy is reducing the standard generation rates by about 0.3%. This applies to customers of the Illuminating Company, Ohio Edison and Toledo Edison who are not buying generation services from an alternative supplier. The reason for the decrease is a reduction in the Midwest ISO’s (MISO) transmission rate.
This adjustment is permitted under the the terms of FirstEnergy’s Electric Security Plan. Certain other riders may be adjusted quarterly, with the next opportunity for change coming on July 1. These adjustments could be increases or decreases. Please contact us if you want to know how these rate changes impact your electric costs.
