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Home/News Feed/FirstEnergy plans a 3-year rate plan to upgrade Ohio's electric system, aiming for reliability and manageable bills.
FE
$48.90
-$0.32 -0.65%

FirstEnergy plans a 3-year rate plan to upgrade Ohio's electric system, aiming for reliability and manageable bills.

Market News
23 Apr 2026
PRNewsWire
View Source
Bullish
pluang ai news

FirstEnergy's Ohio electric companies will file a Three-Year Rate Plan (TYRP) with the Public Utilities Commission of Ohio by May 22, 2026. The plan focuses on significant system upgrades, including $800 million annually for infrastructure and $83 million for tree trimming to reduce outages. It aims to improve reliability, speed restoration, and keep bills predictable with modest annual increases around 2.2% to 2.8%. The plan also supports affordability through assistance programs for low-income customers and energy efficiency initiatives. If approved, the TYRP will help smooth rate changes and keep bill growth below the average U.S. inflation rate through 2030.

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