Toledo Edison electric bills to rise after ruling from PUCO board

By: 13acb.com |

It looks like electric bills for Toledo Edison customers will be going up. In a Thursday hearing with the Public Utilities Commission of Ohio commissioners approves a First Energy proposal for the rate increase. It was approved with modifications and a rate stability provision.

First Energy asked for a rate hike in part to support the Davis-Besse nuclear power plant in Oak Harbor.

A First Energy spokesperson told 13abc that the new rate plan they’re asking for would increase your bill about $3.25 a month. It’s an 8 year plan. It’s not clear what the PUCO modifications could mean for an exact increase.

First Energy says the increase is needed to preserve plants like Davis-Besse while energy prices are so low. First Energy does says that their projections show energy prices will increase and they say when that happens customers should see a credit on their bills. But that’s only if the projections are accurate and energy prices rise.

Opponents of the plan this is a bailout for the electric company and that rate payers should not shell out more money just because, they say, the power company isn’t managing its business well enough.

Toledo Edison electric bills to rise after ruling from PUCO board