FirstEnergy Corp's Ohio Electric Companies Request PUCO Review Of Base Electric Rates; Proposed Annual Revenue Increase Of $93.6M
Portfolio Pulse from Benzinga Newsdesk
FirstEnergy Corp's Ohio electric companies have requested a review of their base electric rates by the Public Utilities Commission of Ohio (PUCO). They are proposing an annual revenue increase of $93.6 million.
May 31, 2024 | 4:56 pm
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FirstEnergy Corp's Ohio electric companies have requested a review of their base electric rates by PUCO, proposing an annual revenue increase of $93.6 million. This could lead to higher revenues for FirstEnergy if approved.
The proposed rate increase, if approved by PUCO, would result in an additional $93.6 million in annual revenue for FirstEnergy. This would positively impact the company's financials and potentially its stock price.
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