FirstEnergy's Ohio Electric Companies File To Withdraw Electric Security Plan, If Approved By PUCO, Companies Would Revert To A Previous Rate Plan
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FirstEnergy's Ohio electric companies have filed to withdraw their current Electric Security Plan (ESP) 5 and revert to the previous ESP4, pending approval from the Public Utilities Commission of Ohio (PUCO).
October 29, 2024 | 8:51 pm
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FirstEnergy's Ohio electric companies have filed to withdraw their current Electric Security Plan (ESP) 5 and revert to the previous ESP4, pending approval from the Public Utilities Commission of Ohio (PUCO).
The filing to revert to a previous rate plan indicates a potential change in revenue structure for FirstEnergy's Ohio operations. However, the impact on stock price is uncertain until PUCO's decision is made. The news is relevant as it involves regulatory changes that could affect financial performance.
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