Akron Extra Blog: FirstEnergy says it will give away and deliver its used poles to those who can reuse them. Plus, Leaf Home expands again, and the Summit Brew Path is set to kick off.
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FirstEnergy to return $26 million to Ohio ratepayers
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If you re a customer of Ohio Edison, The Illuminating Co. or Toledo Edison, you will probably be getting a credit on your electric bill.
Akron s FirstEnergy Corp. announced Thursday, March 31, that it s returning to Ohio ratepayers $26 million in revenue that it collected through a controversial mechanism known as decoupling.
Part of the now disgraced House Bill 6 energy law from 2019 which federal prosecutors have since alleged was passed by a $60 million bribery scheme orchestrated by former Ohio House Speaker Larry Householder decoupling is a mechanism that would guarantee FirstEnergy s revenues. It would enable the utility to collect extra money from customers so that its revenue did not fall below the level it achieved in 2018.