Corp News
Monongahela Power and Potomac Edison, subsidiaries of FirstEnergy, filed applications with the Public Service Commission of West Virginia on Friday, proposing two rate increase paths. Option one is a total rate increase of $188.4 million, affecting residential, commercial, industrial, and street lighting customers; option two is a phased adjustment mechanism based on inflation and power plant investment, aimed at easing the burden on customers gradually. The Commission must decide which option to adopt by May 29.
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