FirstEnergy proposal would lower rates next year, but they will start to rise

A new rate proposal would lower electricity rates next year for the typical Ohio Edison customer before they start rising.

The monthly bill for 750 kilowatt hours of electricity would drop by 1.3 percent next year but then increase by 3.2 percent in 2010 and 3.8 percent in 2011.

The rates are contained in a filing Ohio Edison’s parent company, FirstEnergy Corp., made Thursday with the Public Utilities Commission of Ohio. The state agency will hold hearings and issue a ruling within 150 days.

For the complete story, see Saturday’s Vindicator and Vindy.com.