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Home/News Feed/Ohio utilities seek $481.4M rate hike starting mid-2027 under new 3-year plan

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Ohio utilities seek $481.4M rate hike starting mid-2027 under new 3-year plan

Market News

05 Jun 2026

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Neutral

FirstEnergy's Ohio utility subsidiaries—Ohio Edison, Cleveland Electric Illuminating, and Toledo Edison—have filed a request with the Public Utilities Commission of Ohio for a $481.4 million multiyear electric distribution base rate increase. The proposed rate hike would begin implementation in mid-2027 and span three years. This move follows Ohio's recent regulatory improvements aimed at fostering a more favorable environment for utilities. The outcome will impact electricity customers and shape the state's utility landscape in the coming years.

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