FirstEnergy Corp received an order from the Public Utilities Commission of Ohio related to the 2024 Base Rate Case and Consolidated Ohio Audits.
Key statistics in the order align with recommendations in independent audit reports and PUCO Staff's position.
The orders include details on distribution rate base, return on equity, and other key attributes.
Ohio Base Rate Case Statistics
Includes $4.4B distribution rate base, 9.63% return on equity, and 48.8% debt / 51.2% equity cap structure.
Consolidated Ohio Audits Payment
The Ohio Companies are ordered to pay $250.7 million in refunds and civil forfeitures, impacting Q4 2025 Core Earnings.
Three-year Rate Plan
FirstEnergy plans to file its first three-year rate plan in Q1 2026, aiming for an effective date in early 2027.
- The resolution of these cases marks significant milestones for FirstEnergy and the Ohio Companies.
- Investments in enhancing the distribution system aim to improve reliability and customer experience for over two million customers in Ohio.
FirstEnergy re-affirms its Core Earnings guidance for 2025 and commits to achieving long-term growth targets in Core EPS through 2029.