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PUCO approves settlement agreement with FirstEnergy

FirstEnergy (FE) announced that the Public Utilities Commission of Ohio has approved a comprehensive settlement agreement that will deliver $275M in restitution and refunds to Ohio Edison, The Illuminating Company and Toledo Edison customers. Reflecting the effect of the settlement combined with the proposed impact of the Nov. 19, 2025, PUCO rate review order, which is subject to any PUCO adjustments and final approval, residential customers using 1,000 kWh per month are expected to see the following average monthly bill impacts compared to January 2026 bills: Toledo Edison: Decrease of ($17.81) per month; Ohio Edison: Decrease of ($13.27) per month; The Illuminating Company: Decrease of ($1.02) per month. When the temporary credits and charges from these orders expire, the estimated impact compared to average residential customer bills in January 2026 will be: Toledo Edison: Decrease of ($3.08) per month; Ohio Edison: Increase of $2.42 per month; The Illuminating Company: Increase of $13.69 per month.

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