FirstEnergy to pay customers $306 million in refunds, bill reduction benefits

OHIO — Customers of FirstEnergy’s three Ohio companies, including Ohio Edison, may see a credit on their next bill.

Public Utilities Commission of Ohio has approved a settlement, ordering FirstEnergy’s three Ohio utilities to refund customers $306 million, according to a release.

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Residential customers will receive a one-time credit of approximately $27. Non-residential customers will be provided about $2.60 per megawatt-hour over a six-month period.

Customers will also see rate reductions from 2022 through 2025 — totaling $210 million.

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The refund is for significantly excessive earnings from 2017-2019, according to the settlement.

Customers with utility-related questions or concerns can call the PUCO Call Center at (800) 686-PUCO (7826).