FirstEnergy to ‘Be More Active’ in Seeking Rate Hikes

FirstEnergy will be “much more active” in its efforts to seek rate increases, according to Jon Taylor, the company’s chief financial officer.

Cleveland Business Journal (subscription) reports Taylor recently told securities analysts that to pay for the utility’s “energy transition and base reliability improvements,” FirstEnergy could seek to recover some of its capital expenditures through customer rate cases. Meanwhile, FirstEnergy recently reported 2021 earnings of $1.3 billion. 2/15/2022