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FirstEnergy utilities file for rate increases, citing need for reliability investments

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FirstEnergy utilities file for rate increases, citing need for reliability investments

's Pennsylvania and NewJersey utilities on April 28 filed for baserate increases totaling approximately $581 million, citing the needfor electric system reliability and modernization investments.

is seeking a $140million, or approximately 9.5% rate increase; Pennsylvania Electric Co. requested a $158 million, or 11.4%rate hike; Pennsylvania Power Co.requested a $42 million, or 9.5%, increase over current rates; and is seeking a $98 million,or 5.7%, rate increase.

Following PennsylvaniaPublic Utility Commission approval, new rates would take effect June 27.

Jersey CentralPower & Light Co. is seeking a $142 million, or 6%, rate increase,and requested that new rates take effect Jan. 31, 2017.