Ohio Regulators Approve $275 Million Payout to FirstEnergy Customers in HB 6 Case

Overview

• PUCO approved a settlement that returns roughly $275 million to customers of Cleveland Electric Illuminating, Ohio Edison and Toledo Edison tied to HB 6 violations.
• $249 million will be credited over three billing cycles, with $20 million directed to low-income customer programs.
• The agreement includes a $6.6 million refund plus about $6.2 million in interest for improper charges and $5 million to the Retail Energy Supply Association for corporate-separation violations.
• The settlement builds on Nov. 19 findings that FirstEnergy’s utilities violated Ohio law and closes four PUCO cases as parties withdraw rehearing requests.
• A separate PUCO proceeding continues requiring FirstEnergy to show it did not use customer funds for HB 6 activities, with written testimony due next month and an evidentiary hearing starting Feb. 24.