{"success":true,"data":{"pressRelease":{"id":"45796","rtpr_id":"rest-76f7b4bb3db5bc58","ticker":"FE","exchange":"NYSE","all_tickers":[],"title":"FirstEnergy's Ohio Electric Companies File Three-Year Rate Plan to Support Reliable Service and Expand Customer Support","author":"PR Newswire","published_at":"2026-05-26T20:53:24.122Z","article_body":"FirstEnergy's Ohio Electric Companies File Three-Year Rate Plan to Support Reliable Service and Expand Customer Support\n\nPR Newswire\n\nAKRON, Ohio, May 26, 2026\n\nFiling details planned investments to enhance reliability and keep rates\npredictable\n\nAKRON, Ohio, May 26, 2026 /PRNewswire/ -- FirstEnergy electric companies The\nIlluminating Company, Ohio Edison and Toledo Edison have filed their first\nThree-Year Rate Plan (TYRP) with the Public Utilities Commission of Ohio\n(PUCO). The plan supports strengthening the electric system to improve\nreliability and provides customers with more predictable rate changes.\n\n(https://mma.prnewswire.com/media/543843/FirstEnergy_Logo.html)\n\nThe TYRP details how investments will be planned, reviewed and reported\nannually. This gives regulators and customers greater visibility into how\nmoney is spent and what work is being done.\n\n\"At a time when so many customers are carefully managing household and\nbusiness expenses, we understand how important it is to provide reliable\nservice while keeping bills as manageable and predictable as possible,\" said\nTorrence Hinton, President of FirstEnergy Ohio. \"This plan supports the\ninvestments needed to strengthen the electric system and improve reliability,\nwhile giving customers more visibility into the work we're doing and helping\navoid sudden increases that can be difficult for families and businesses to\nabsorb.\"\n\nReliability Customers Can Count On\n\nThe TYRP is built around forward‑looking investments in the electric system,\nbuilding on work already underway and planning for future improvements. Under\nthe plan, an average of $800 million per year would be invested in\ninfrastructure upgrades, including neighborhood poles, wires and grid\ntechnology to help reduce outages and restore power faster. An average of $83\nmillion annually would support more tree trimming and vegetation management to\naddress one of Ohio's leading causes of outages.\n\nExpanded Bill Assistance for Customers\n\nA major focus of the TYRP is supporting customers who need help paying their\nelectric bills by extending existing programs and adding new ones, including:\n\n * Creating a new $4 million Energy Assistance Fund in 2029 by combining the\nOPAE Fuel Fund and Ohio Fuel Fund programs – which currently provide bill\nassistance to customers through mid-2029 – and opening eligibility to more\ncustomers. The cost of these programs is not passed on to customers.\n * Adding a $1 million Emergency Energy Support Fund to assist customers facing\ndisconnection or needing to restore service.\nThe plan also continues energy-saving programs for residential and some\nbusiness customers through the end of the TYRP, including:\n\n * A Community Connections weatherization program that helps income-eligible\ncustomers take more control over their energy spending.\n * A smart thermostat rebate program that helps income-eligible customers better\nmanage their heating and air conditioning use.\n * A customer energy management program that helps customers with smart meters\nbetter understand their electricity use and find ways to reduce it.\n * An energy conservation program that helps large customers lower their bills by\nreducing electricity use when the grid is under the most strain.\nSteady, Predictable Bill Changes\n\nBy spreading investments over three years, the TYRP helps keep bill changes\ngradual and easier for customers to manage.\n\nA typical non-shopping residential customer using about 1,000 kilowatt-hours\nper month is expected to see a modest average monthly bill change over the\nthree-year period:\n\n * Ohio Edison – average annual increase of 2.2%, or a monthly bill increase of\n$4.26 each year of the three-year period.\n * The Illuminating Company – average annual increase of 2.6%, or a monthly\nbill increase of $5.15 each year of the three-year period.\n * Toledo Edison – average annual increase of 2.8%, or a monthly bill increase\nof $5.30 each year of the three-year period.\nThe plan only affects the distribution part of customer bills. It does not\ninclude the cost of electricity supply, which is set by third-party suppliers.\n\nThe PUCO will review the filing and provide opportunities for public input\nbefore making a decision.\n\nFirstEnergy Corp. (NYSE: FE) is dedicated to integrity, safety, reliability\nand operational excellence. Its electric distribution companies form one of\nthe nation's largest investor-owned electric systems, serving six million\ncustomers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New\nYork. The company's transmission subsidiaries operate approximately 24,000\nmiles of transmission lines that connect the Midwest and Mid-Atlantic regions.\nFollow FirstEnergy online at www.firstenergycorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4696983-1&h=3114720100&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4640442-1%26h%3D818371918%26u%3Dhttp%253A%252F%252Fwww.firstenergycorp.com%252F%26a%3Dwww.firstenergycorp.com&a=www.firstenergycorp.com)\n. Follow FirstEnergy on X: @FirstEnergyCorp\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4696983-1&h=189391827&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4640442-1%26h%3D490836183%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3338000-1%2526h%253D3179016433%2526u%253Dhttp%25253A%25252F%25252Fwww.twitter.com%25252Ffirstenergycorp%2526a%253D%252540FirstEnergyCorp%26a%3D%2540FirstEnergyCorp&a=%40FirstEnergyCorp)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/firstenergys-ohio-electric-companies-file-three-year-rate-plan-to-support-reliable-service-and-expand-customer-support-302782315.html\n(https://www.prnewswire.com/news-releases/firstenergys-ohio-electric-companies-file-three-year-rate-plan-to-support-reliable-service-and-expand-customer-support-302782315.html)\n\nSOURCE FirstEnergy Corp.\n\n\n\nNews Media Contact: Brooke Conlan, (330) 807-7564; Investor Contact: Karen Sagot, (330) 761-4286\n\nPhoto: \nhttps://mma.prnewswire.com/media/543843/FirstEnergy_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"id":"rest-76f7b4bb3db5bc58","title":"FirstEnergy's Ohio Electric Companies File Three-Year Rate Plan to Support Reliable Service and Expand Customer Support","author":"PR Newswire","ticker":"FE","created":"2026-05-26T20:53:24.122Z","tickers":[],"exchange":"NYSE","article_body":"FirstEnergy's Ohio Electric Companies File Three-Year Rate Plan to Support Reliable Service and Expand Customer Support\n\nPR Newswire\n\nAKRON, Ohio, May 26, 2026\n\nFiling details planned investments to enhance reliability and keep rates\npredictable\n\nAKRON, Ohio, May 26, 2026 /PRNewswire/ -- FirstEnergy electric companies The\nIlluminating Company, Ohio Edison and Toledo Edison have filed their first\nThree-Year Rate Plan (TYRP) with the Public Utilities Commission of Ohio\n(PUCO). The plan supports strengthening the electric system to improve\nreliability and provides customers with more predictable rate changes.\n\n(https://mma.prnewswire.com/media/543843/FirstEnergy_Logo.html)\n\nThe TYRP details how investments will be planned, reviewed and reported\nannually. This gives regulators and customers greater visibility into how\nmoney is spent and what work is being done.\n\n\"At a time when so many customers are carefully managing household and\nbusiness expenses, we understand how important it is to provide reliable\nservice while keeping bills as manageable and predictable as possible,\" said\nTorrence Hinton, President of FirstEnergy Ohio. \"This plan supports the\ninvestments needed to strengthen the electric system and improve reliability,\nwhile giving customers more visibility into the work we're doing and helping\navoid sudden increases that can be difficult for families and businesses to\nabsorb.\"\n\nReliability Customers Can Count On\n\nThe TYRP is built around forward‑looking investments in the electric system,\nbuilding on work already underway and planning for future improvements. Under\nthe plan, an average of $800 million per year would be invested in\ninfrastructure upgrades, including neighborhood poles, wires and grid\ntechnology to help reduce outages and restore power faster. An average of $83\nmillion annually would support more tree trimming and vegetation management to\naddress one of Ohio's leading causes of outages.\n\nExpanded Bill Assistance for Customers\n\nA major focus of the TYRP is supporting customers who need help paying their\nelectric bills by extending existing programs and adding new ones, including:\n\n * Creating a new $4 million Energy Assistance Fund in 2029 by combining the\nOPAE Fuel Fund and Ohio Fuel Fund programs – which currently provide bill\nassistance to customers through mid-2029 – and opening eligibility to more\ncustomers. The cost of these programs is not passed on to customers.\n * Adding a $1 million Emergency Energy Support Fund to assist customers facing\ndisconnection or needing to restore service.\nThe plan also continues energy-saving programs for residential and some\nbusiness customers through the end of the TYRP, including:\n\n * A Community Connections weatherization program that helps income-eligible\ncustomers take more control over their energy spending.\n * A smart thermostat rebate program that helps income-eligible customers better\nmanage their heating and air conditioning use.\n * A customer energy management program that helps customers with smart meters\nbetter understand their electricity use and find ways to reduce it.\n * An energy conservation program that helps large customers lower their bills by\nreducing electricity use when the grid is under the most strain.\nSteady, Predictable Bill Changes\n\nBy spreading investments over three years, the TYRP helps keep bill changes\ngradual and easier for customers to manage.\n\nA typical non-shopping residential customer using about 1,000 kilowatt-hours\nper month is expected to see a modest average monthly bill change over the\nthree-year period:\n\n * Ohio Edison – average annual increase of 2.2%, or a monthly bill increase of\n$4.26 each year of the three-year period.\n * The Illuminating Company – average annual increase of 2.6%, or a monthly\nbill increase of $5.15 each year of the three-year period.\n * Toledo Edison – average annual increase of 2.8%, or a monthly bill increase\nof $5.30 each year of the three-year period.\nThe plan only affects the distribution part of customer bills. It does not\ninclude the cost of electricity supply, which is set by third-party suppliers.\n\nThe PUCO will review the filing and provide opportunities for public input\nbefore making a decision.\n\nFirstEnergy Corp. (NYSE: FE) is dedicated to integrity, safety, reliability\nand operational excellence. Its electric distribution companies form one of\nthe nation's largest investor-owned electric systems, serving six million\ncustomers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New\nYork. The company's transmission subsidiaries operate approximately 24,000\nmiles of transmission lines that connect the Midwest and Mid-Atlantic regions.\nFollow FirstEnergy online at www.firstenergycorp.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4696983-1&h=3114720100&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4640442-1%26h%3D818371918%26u%3Dhttp%253A%252F%252Fwww.firstenergycorp.com%252F%26a%3Dwww.firstenergycorp.com&a=www.firstenergycorp.com)\n. Follow FirstEnergy on X: @FirstEnergyCorp\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4696983-1&h=189391827&u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4640442-1%26h%3D490836183%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D3338000-1%2526h%253D3179016433%2526u%253Dhttp%25253A%25252F%25252Fwww.twitter.com%25252Ffirstenergycorp%2526a%253D%252540FirstEnergyCorp%26a%3D%2540FirstEnergyCorp&a=%40FirstEnergyCorp)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/firstenergys-ohio-electric-companies-file-three-year-rate-plan-to-support-reliable-service-and-expand-customer-support-302782315.html\n(https://www.prnewswire.com/news-releases/firstenergys-ohio-electric-companies-file-three-year-rate-plan-to-support-reliable-service-and-expand-customer-support-302782315.html)\n\nSOURCE FirstEnergy Corp.\n\n\n\nNews Media Contact: Brooke Conlan, (330) 807-7564; Investor Contact: Karen Sagot, (330) 761-4286\n\nPhoto: \nhttps://mma.prnewswire.com/media/543843/FirstEnergy_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":""},"received_at":"2026-05-26T20:59:41.434Z","source_url":"https://www.prnewswire.com/news-releases/firstenergys-ohio-electric-companies-file-three-year-rate-plan-to-support-reliable-service-and-expand-customer-support-302782315.html"},"analysis":{"id":"35231","press_release_id":"45796","analysis_json":{"industry":{"label":"Electric Utilities","sector":"Utilities"},"redFlags":[],"eventType":"regulatory","narrative":"FirstEnergy’s Ohio electric subsidiaries filed a Three-Year Rate Plan with the PUCO, proposing an average of $800 million annually in infrastructure investments to improve reliability.\n\nThe plan projects modest, predictable annual bill increases for residential customers: 2.2% for Ohio Edison, 2.6% for The Illuminating Company, and 2.8% for Toledo Edison.\n\nIt also introduces new customer support programs, including a $4 million Energy Assistance Fund starting in 2029 and a $1 million Emergency Energy Support Fund, funded without passing costs to customers.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine utility rate filing with modest, predictable increases; no material market impact."},"keyFigures":{"customDimensions":{"energy_assistance_fund_2029":"$4 million","annual_vegetation_management":"$83 million","emergency_energy_support_fund":"$1 million","annual_infrastructure_investment":"$800 million","ohio_edison_annual_bill_increase_pct":"2.2%","ohio_edison_annual_bill_increase_usd":"$4.26","toledo_edison_annual_bill_increase_pct":"2.8%","toledo_edison_annual_bill_increase_usd":"$5.30","illuminating_company_annual_bill_increase_pct":"2.6%","illuminating_company_annual_bill_increase_usd":"$5.15"}},"quotedText":"At a time when so many customers are carefully managing household and business expenses, we understand how important it is to provide reliable service while keeping bills as manageable and predictable as possible","namedEntities":{"people":[{"name":"Torrence Hinton","role":"President of FirstEnergy Ohio"},{"name":"Brooke Conlan","role":"News Media Contact"},{"name":"Karen Sagot","role":"Investor Contact"}],"products":[],"companies":[{"name":"FirstEnergy Corp.","ticker":"FE","relationship":"filer"},{"name":"The Illuminating Company","relationship":"subsidiary"},{"name":"Ohio Edison","relationship":"subsidiary"},{"name":"Toledo Edison","relationship":"subsidiary"},{"name":"Public Utilities Commission of Ohio","relationship":"regulator"}],"dollarAmounts":[{"amount":"$800 million","context":"average annual investment in infrastructure upgrades"},{"amount":"$83 million","context":"average annual support for tree trimming and vegetation management"},{"amount":"$4 million","context":"new Energy Assistance Fund in 2029"},{"amount":"$1 million","context":"Emergency Energy Support Fund"},{"amount":"$4.26","context":"Ohio Edison monthly bill increase per year"},{"amount":"$5.15","context":"The Illuminating Company monthly bill increase per year"},{"amount":"$5.30","context":"Toledo Edison monthly bill increase per year"}]},"materialImpact":{"score":2,"reasoning":"Routine regulatory filing for a three-year rate plan. The proposed annual bill increases are modest (2.2%-2.8%), indicating stable, predictable cash flows without significant upside or downside surprise. This is standard utility business-as-usual."},"tickerRelevance":{"others":[],"primary":"FE"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"routine_regulatory_filing","sectorWeight":"defensive","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"event_type":"regulatory","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"FirstEnergy’s Ohio electric subsidiaries filed a Three-Year Rate Plan with the PUCO, proposing an average of $800 million annually in infrastructure investments to improve reliability.\n\nThe plan projects modest, predictable annual bill increases for residential customers: 2.2% for Ohio Edison, 2.6% for The Illuminating Company, and 2.8% for Toledo Edison.\n\nIt also introduces new customer support programs, including a $4 million Energy Assistance Fund starting in 2029 and a $1 million Emergency Energy Support Fund, funded without passing costs to customers.","key_figures":{"customDimensions":{"energy_assistance_fund_2029":"$4 million","annual_vegetation_management":"$83 million","emergency_energy_support_fund":"$1 million","annual_infrastructure_investment":"$800 million","ohio_edison_annual_bill_increase_pct":"2.2%","ohio_edison_annual_bill_increase_usd":"$4.26","toledo_edison_annual_bill_increase_pct":"2.8%","toledo_edison_annual_bill_increase_usd":"$5.30","illuminating_company_annual_bill_increase_pct":"2.6%","illuminating_company_annual_bill_increase_usd":"$5.15"}},"named_entities":{"people":[{"name":"Torrence Hinton","role":"President of FirstEnergy Ohio"},{"name":"Brooke Conlan","role":"News Media Contact"},{"name":"Karen Sagot","role":"Investor Contact"}],"products":[],"companies":[{"name":"FirstEnergy Corp.","ticker":"FE","relationship":"filer"},{"name":"The Illuminating Company","relationship":"subsidiary"},{"name":"Ohio Edison","relationship":"subsidiary"},{"name":"Toledo Edison","relationship":"subsidiary"},{"name":"Public Utilities Commission of Ohio","relationship":"regulator"}],"dollarAmounts":[{"amount":"$800 million","context":"average annual investment in infrastructure upgrades"},{"amount":"$83 million","context":"average annual support for tree trimming and vegetation management"},{"amount":"$4 million","context":"new Energy Assistance Fund in 2029"},{"amount":"$1 million","context":"Emergency Energy Support Fund"},{"amount":"$4.26","context":"Ohio Edison monthly bill increase per year"},{"amount":"$5.15","context":"The Illuminating Company monthly bill increase per year"},{"amount":"$5.30","context":"Toledo Edison monthly bill increase per year"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-26T21:01:11.276Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"large-cap","eventGravity":"routine_regulatory_filing","sectorWeight":"defensive","householdBrandBoost":"low","marketCapAdjustment":"neutral"}},"durationMs":null,"modelName":"george-droid-qwen-72b"}}