FirstEnergy customers to get refunds, after Gov. Mike DeWine signs bill: Capitol Letter
Updated 8:00 AM;
Today 8:00 AM
Facebook Share
Rotunda Rumblings
HB-nixed: With little fanfare, Gov. Mike DeWine on Wednesday signed House Bill 128, which repeals the cornerstone of the scandal-ridden House Bill 6: a $1 billion-plus bailout of two Northern Ohio nuclear power plants. As Jeremy Pelzer reports, HB128 also repeals an HB6 “decoupling” provision that allows FirstEnergy Corp. to collect a comparatively high amount of money from customers, as well as a separate measure making it easier for FirstEnergy to pass state limits on significantly excessive profits.
Return policy: FirstEnergy says that, as a result of HB128, it will refund $26 million to customers collected under its “decoupling” policy. As Pelzer explains, the Akron-based utility said it will work with state regulators to determine how much money each customer will get, along with how and when they will get it.