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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100