trending Market Intelligence /marketintelligence/en/news-insights/trending/EhwjBVwbdCzo9MlpuhQtBA2 content esgSubNav
In This List

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

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

Smart thermostats gain traction in US, point to modest electricity savings


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.