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FirstEnergy utilities to file for base rate increases in New Jersey, Pennsylvania


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FirstEnergy utilities to file for base rate increases in New Jersey, Pennsylvania

Duringits first-quarter earningscall April 27, FirstEnergy Corp.said rate cases will be filed April 28 for Jersey Central Power & Light Co. in New Jersey andits four Pennsylvania utilities to enhance customer service, reliability andsecurity, strengthen the distribution system and modernize the grid. The rates,if approved, would be effective in January 2017.

The Pennsylvaniautilities are requesting a total $439 million increase in operating revenuesbased upon a 2017 test year. This breaks down to approximately $140 million atMetropolitan Edison Co.;$159 million at PennsylvaniaElectric Co.; $42 million at Pennsylvania Power Co.; and $98 million at

Theresidential rate impact ranges from an overall increase in base rates ofapproximately 10.47% for West Penn Power customers to 17.89% for PennsylvaniaElectric customers.

Newbase rates for the Pennsylvania utilities also include recovery of costs forlong-term infrastructure improvement plans, which Jones said include aprojected increase in capital investments of approximately $245 million overfive years.

JCP&Lwill file a request with the New Jersey Board of Public Utilities to increaseoperating revenues by approximately $142 million based upon a test year endingJune 30, 2016. This money will be used for equipment maintenance, vegetationmanagement, substation and transmission line inspections, and other businessexpenses.

Therequest amounts to an overall 6% rate increase for the average residentialcustomer.