The state Public Utility Commission approved a reduced rate hike for FirstEnergy customers, including Penelec users, limiting the increase to $225 million annually—less than half the $502 million requested.
Penelec customers will see a 4.1% increase starting January 1. The settlement includes enhanced customer assistance, a $13.6 million one-time bill credit for
improper lobbying expenses, and a two-year freeze on further rate hikes. The company must also explore underground line options within a year. Penelec’s electricity generation rate of 10.474 cents per kilowatt-hour will stay unchanged through May 31, 2025.
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