{"success":true,"data":{"pressRelease":{"id":"6373","rtpr_id":"nPn6Mb4JRa","ticker":"FE","exchange":"NYSE","all_tickers":["FE"],"title":"FirstEnergy Ohio Electric Companies Plan to File First Three-Year Rate Plan","author":"PR Newswire","published_at":"2026-04-23T11:30:01.104Z","article_body":"FirstEnergy Ohio Electric Companies Plan to File First Three-Year Rate Plan\n\nPR Newswire\n\nAKRON, Ohio, April 23, 2026\n\nForward-looking plan invests in upgrades to improve reliability and help keep\nbills manageable\n\nAKRON, Ohio, April 23, 2026 /PRNewswire/ -- FirstEnergy electric companies The\nIlluminating Company, Ohio Edison and Toledo Edison announced they plan to\nfile their first Three-Year Rate Plan (TYRP) with the Public Utilities\nCommission of Ohio (PUCO) by May 22, 2026. The TYRP supports significant\nupgrades that make the electric system stronger and gives customers a clearer\nview of what work is planned and how it affects bills.\n\n(https://mma.prnewswire.com/media/543843/FirstEnergy_Logo.html)\n\nIn the past, electric rates were based on costs already spent. New Ohio\nlegislation allows electric utilities to set distribution rates using a\nforward-looking, three-year plan that is reviewed by the PUCO and updated each\nyear. This forward-looking plan helps customers understand the types of work\nplanned and why it's needed while also keeping bill changes more predictable\nand gradual over time.\n\n\"Our TYRP is about careful and balanced planning,\" said Torrence Hinton,\nPresident of FirstEnergy Ohio. \"We're focused on upgrading the electric system\ncustomers rely on every day, and we know affordability matters. Recent\nupgrades helped show what works best, and we're building the three-year plan\naround the work that will make the biggest difference, keeping costs in check\nand clearly explaining what customers are paying for.\"\n\nFewer Outages, Faster Restoration\n\nThe TYRP will build on reliability work already underway and support continued\nimprovements to FirstEnergy's Ohio electric system, including:\n\n * An average of $800 million annually to upgrade neighborhood poles, wires and\nequipment, improve facilities and add technology that helps us run the system\nand respond faster – especially during severe weather.\n * An average of $83 million annually to expand tree trimming near power lines\n– a top cause of outages for FirstEnergy's Ohio customers.\nSupport for Customers Who Need It\n\nAlong with strengthening reliability, the TYRP emphasizes affordability –\nhelping customers access support and reduce usage so bills are more manageable\nand predictable by:\n\n * Continuing existing assistance programs and adding new support for low-income\ncustomers to help them pay their bills.\n * Continuing a program that helps income-eligible customers use energy more\nefficiently and save on monthly bills.\n * Working with large customers to reduce electricity use during times of highest\ndemand.\nKeeping Bills More Predictable\n\nBy planning investments over several years, the TYRP will help smooth rate\nchanges and reduce sudden bill increases.\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 approximately $4.26 per\nmonth each year over the three-year period.\n * The Illuminating Company – average annual increase of 2.6%, or $5.15 per\nmonth each year over the three-year period.\n * Toledo Edison – average annual increase of 2.8%, or $5.30 per month each\nyear over the three-year period.\nIf approved by the PUCO, FirstEnergy's Ohio residential monthly bill is\nestimated to grow more slowly on an average annual basis due to the\nTYRP through 2030 than the 10-year average U.S. inflation rate of 3.3%.\n\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 \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=4671481-1&h=777564270&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=4671481-1&h=2629273817&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\n(042326)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/firstenergy-ohio-electric-companies-plan-to-file-first-three-year-rate-plan-302750961.html\n(https://www.prnewswire.com/news-releases/firstenergy-ohio-electric-companies-plan-to-file-first-three-year-rate-plan-302750961.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":{"data":{"id":"nPn6Mb4JRa","title":"FirstEnergy Ohio Electric Companies Plan to File First Three-Year Rate Plan","author":"PR Newswire","ticker":"FE","created":"2026-04-23T11:30:01.104Z","tickers":["FE"],"exchange":"NYSE","article_body":"FirstEnergy Ohio Electric Companies Plan to File First Three-Year Rate Plan\n\nPR Newswire\n\nAKRON, Ohio, April 23, 2026\n\nForward-looking plan invests in upgrades to improve reliability and help keep\nbills manageable\n\nAKRON, Ohio, April 23, 2026 /PRNewswire/ -- FirstEnergy electric companies The\nIlluminating Company, Ohio Edison and Toledo Edison announced they plan to\nfile their first Three-Year Rate Plan (TYRP) with the Public Utilities\nCommission of Ohio (PUCO) by May 22, 2026. The TYRP supports significant\nupgrades that make the electric system stronger and gives customers a clearer\nview of what work is planned and how it affects bills.\n\n(https://mma.prnewswire.com/media/543843/FirstEnergy_Logo.html)\n\nIn the past, electric rates were based on costs already spent. New Ohio\nlegislation allows electric utilities to set distribution rates using a\nforward-looking, three-year plan that is reviewed by the PUCO and updated each\nyear. This forward-looking plan helps customers understand the types of work\nplanned and why it's needed while also keeping bill changes more predictable\nand gradual over time.\n\n\"Our TYRP is about careful and balanced planning,\" said Torrence Hinton,\nPresident of FirstEnergy Ohio. \"We're focused on upgrading the electric system\ncustomers rely on every day, and we know affordability matters. Recent\nupgrades helped show what works best, and we're building the three-year plan\naround the work that will make the biggest difference, keeping costs in check\nand clearly explaining what customers are paying for.\"\n\nFewer Outages, Faster Restoration\n\nThe TYRP will build on reliability work already underway and support continued\nimprovements to FirstEnergy's Ohio electric system, including:\n\n * An average of $800 million annually to upgrade neighborhood poles, wires and\nequipment, improve facilities and add technology that helps us run the system\nand respond faster – especially during severe weather.\n * An average of $83 million annually to expand tree trimming near power lines\n– a top cause of outages for FirstEnergy's Ohio customers.\nSupport for Customers Who Need It\n\nAlong with strengthening reliability, the TYRP emphasizes affordability –\nhelping customers access support and reduce usage so bills are more manageable\nand predictable by:\n\n * Continuing existing assistance programs and adding new support for low-income\ncustomers to help them pay their bills.\n * Continuing a program that helps income-eligible customers use energy more\nefficiently and save on monthly bills.\n * Working with large customers to reduce electricity use during times of highest\ndemand.\nKeeping Bills More Predictable\n\nBy planning investments over several years, the TYRP will help smooth rate\nchanges and reduce sudden bill increases.\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 approximately $4.26 per\nmonth each year over the three-year period.\n * The Illuminating Company – average annual increase of 2.6%, or $5.15 per\nmonth each year over the three-year period.\n * Toledo Edison – average annual increase of 2.8%, or $5.30 per month each\nyear over the three-year period.\nIf approved by the PUCO, FirstEnergy's Ohio residential monthly bill is\nestimated to grow more slowly on an average annual basis due to the\nTYRP through 2030 than the 10-year average U.S. inflation rate of 3.3%.\n\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 \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=4671481-1&h=777564270&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=4671481-1&h=2629273817&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\n(042326)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/firstenergy-ohio-electric-companies-plan-to-file-first-three-year-rate-plan-302750961.html\n(https://www.prnewswire.com/news-releases/firstenergy-ohio-electric-companies-plan-to-file-first-three-year-rate-plan-302750961.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."},"type":"article","timestamp":"2026-04-23T11:30:01.164865703Z","server_sent_at_ms":1776943801164},"received_at":"2026-04-23T11:30:01.216Z","source_url":null},"analysis":{"id":"4651","press_release_id":"6373","analysis_json":{"industry":{"label":"Utilities","sector":"Utilities"},"redFlags":[],"eventType":"regulatory","narrative":"FirstEnergy's Ohio utilities plan to file a Three-Year Rate Plan with the PUCO by May 22, 2026, shifting to a forward-looking model to fund grid modernization and improve reliability.\n\nThe proposal allocates an average of $800 million annually for infrastructure upgrades and $83 million for vegetation management, targeting fewer outages and faster restoration times.\n\nResidential customers are projected to see modest annual bill increases between 2.2% and 2.8% across the three operating companies, rates that are expected to trail the 10-year U.S. inflation average.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Proposed Ohio rate plan locks in ~$883M/year in reliability investments while keeping rate hikes below inflation."},"keyFigures":{"guidance":"Ohio Edison +2.2% avg annual, The Illuminating Company +2.6% avg annual, Toledo Edison +2.8% avg annual","customDimensions":{"us_inflation_comparison_rate":"3.3%","annual_tree_trimming_investment":"$83 million","annual_system_upgrade_investment":"$800 million"}},"quotedText":"Our TYRP is about careful and balanced planning. We're focused on upgrading the electric system customers rely on every day, and we know affordability matters.","namedEntities":{"people":[{"name":"Torrence Hinton","role":"President of FirstEnergy Ohio"}],"products":["Three-Year Rate Plan (TYRP)"],"companies":[{"name":"FirstEnergy Corp.","ticker":"FE"},{"name":"The Illuminating Company"},{"name":"Ohio Edison"},{"name":"Toledo Edison"},{"name":"Public Utilities Commission of Ohio","relationship":"regulator"}],"dollarAmounts":[{"amount":"$800 million","context":"average annual investment to upgrade neighborhood poles, wires and equipment"},{"amount":"$83 million","context":"average annual investment to expand tree trimming"},{"amount":"$4.26 per month","context":"Ohio Edison typical residential monthly bill increase each year"},{"amount":"$5.15 per month","context":"The Illuminating Company typical residential monthly bill increase each year"},{"amount":"$5.30 per month","context":"Toledo Edison typical residential monthly bill increase each year"}]},"materialImpact":{"score":3,"reasoning":"Announces a major rate plan filing that secures funding for ~$883M in annual capital improvements and sets a clear three-year earnings path. While positive, it is a preliminary filing plan rather than a final regulatory decision or immediate binary event."},"tickerRelevance":{"others":[],"primary":"FE"},"eventTypeSecondary":[]},"event_type":"regulatory","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"FirstEnergy's Ohio utilities plan to file a Three-Year Rate Plan with the PUCO by May 22, 2026, shifting to a forward-looking model to fund grid modernization and improve reliability.\n\nThe proposal allocates an average of $800 million annually for infrastructure upgrades and $83 million for vegetation management, targeting fewer outages and faster restoration times.\n\nResidential customers are projected to see modest annual bill increases between 2.2% and 2.8% across the three operating companies, rates that are expected to trail the 10-year U.S. inflation average.","key_figures":{"guidance":"Ohio Edison +2.2% avg annual, The Illuminating Company +2.6% avg annual, Toledo Edison +2.8% avg annual","customDimensions":{"us_inflation_comparison_rate":"3.3%","annual_tree_trimming_investment":"$83 million","annual_system_upgrade_investment":"$800 million"}},"named_entities":{"people":[{"name":"Torrence Hinton","role":"President of FirstEnergy Ohio"}],"products":["Three-Year Rate Plan (TYRP)"],"companies":[{"name":"FirstEnergy Corp.","ticker":"FE"},{"name":"The Illuminating Company"},{"name":"Ohio Edison"},{"name":"Toledo Edison"},{"name":"Public Utilities Commission of Ohio","relationship":"regulator"}],"dollarAmounts":[{"amount":"$800 million","context":"average annual investment to upgrade neighborhood poles, wires and equipment"},{"amount":"$83 million","context":"average annual investment to expand tree trimming"},{"amount":"$4.26 per month","context":"Ohio Edison typical residential monthly bill increase each year"},{"amount":"$5.15 per month","context":"The Illuminating Company typical residential monthly bill increase each year"},{"amount":"$5.30 per month","context":"Toledo Edison typical residential monthly bill increase each year"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-23T14:17:49.143Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:54.711Z"}},"durationMs":77420,"modelName":"glm-4.7"}}