Rate plans Ohio utilities

A look at the status of electric rate plans for the two largest electric suppliers in Ohio:

American Electric Power: Had proposed a 52 percent increase over three years, but Public Utilities Commission reduced it to 20 percent. Company has not yet accepted plan. State consumers’ counsel plans to ask for rehearing.

FirstEnergy: Had proposed an increase of roughly 16 percent on average bill, but the utilities commission reduced it considerably. The company rejected the plan and will now conduct a competitive bid process to determine the price of generation rates.

Source: AP Research.

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