How FirstEnergy may be risking millions with controversial plan.

PUBLIC service commissions; ELECTRIC utilities; COMMUNICATION policy; CONSUMERS; PUBLIC utilities; SURCHARGES

FirstEnergy, an electric distribution utility serving over two million customers in Ohio, has withdrawn its pending Electric Security Plan, potentially risking tens of millions of dollars depending on a decision by the Public Utilities Commission of Ohio. The uncertainty surrounding this decision is affecting companies in manufacturing and other sectors that rely on large amounts of electricity. The outcome will impact how FirstEnergy can set rates for its subsidiaries, and the resolution may be influenced by a similar case involving AES subsidiary Dayton Power and Light currently before the Ohio Supreme Court. [Extracted from the article]

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