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Economy and Business


State regulators tell FirstEnergy to repay customers for energy credits
The Public Utilities Commission of Ohio orders FirstEnergy to repay customers more than $43 million
by WKSU's STATEHOUSE BUREAU CHIEF KAREN KASLER


Reporter
Karen Kasler
 
The Public Utilities Commission ruled FirstEnergy unfairly charged customers as much as $126 million.
Courtesy of Karen Kasler
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In The Region:

After a week’s delay, state regulators are ordering Akron-based FirstEnergy to repay tens of millions of dollars to customers it overcharged.

LISTEN: KASLER ON FIRSTENERGY

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The Public Utilities Commission has ruled that FirstEnergy unfairly charged customers more than $43 million for renewable energy credits, or RECs, that it bought to comply with the state’s energy efficiency law passed in 2008.

Doug Colafella with FirstEnergy says it bought the credits five years ago in a bidding process approved by the PUCO.

“We believe we’re being punished for following the law,” Colafella says.

The Ohio Environmental Council had hoped that the PUCO would determine that customers overpaid by as much as $126 million. And Brian Kaiser of the council says FirstEnergy could have worked with state regulators on the credits, but chose not to.

“The PUCO has finally stopped doing the bidding of FirstEnergy and started working on behalf of Ohioans," Kaiser says.

FirstEnergy says it will appeal the decision. Customers could eventually get credits on their bills, but not until the case is settled.

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