New Budget Gives FirstEnergy Permission to Keep ‘Significantly Excessive’ Profits

Among the thousands of law changes made by the new state budget (HB 166) is a utility-friendly provision that allows FirstEnergy distribution utility companies to keep even more profit rather than return excessive earnings to customers. The House added the provision in its version of the budget, and the Senate retained the language. The OMA lobbied lawmakers in both chambers to remove the unfair provision. 7/18/2019