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Economy and Business


FirstEnergy re-payment case is postponed until next week
PUCO needs another week to fine-tune an order on whether the Akron-based utility should pay customers some $100 million
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
In The Region:
The Public Utilities Commission of Ohio today delayed a vote on a case that could have forced FirstEnergy to re-pay about $100 million to customers.

The vote has been postponed for a week. PUCO Chairman Todd Snitchler says that allows the commission to fine-tune an order addressing whether the utility overpaid for renewable energy credits and passed those excess costs on to customers.

Environmental and consumer advocates expressed disappointment in the delay.

Portions of audits detailing the overcharges have been blocked from public view because of confidentiality claims by the Akron-based utility.
That means competitor American Electric Power, the Ohio Consumers' Counsel and environmentalists can't discuss details.

But one estimate puts the excess payments between $96 million and $126 million.
Listener Comments:

Kabir, this story rocks! Good for you for keeping on top of FirstEnergy and all its doings.


Posted by: Anonymous on July 31, 2013 8:07AM
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