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PUCO Approves FirstEnergy Utilities’ Amended Corporate Separation Plan
The Public Utilities Commission of Ohio (PUCO) approved an amended corporate separation plan (CSP) filed by the FirstEnergy Ohio utilities.
More specifically, PUCO noted that the FirstEnergy Ohio utilities no longer have a competitive affiliate, and further noted that as part of a PUCO-approved settlement concerning the FirstEnergy Ohio EDCs and the HB 6 bribery scandal, the FirstEnergy Ohio EDCs have agreed to not seek certification of a competitive affiliate for a period of five years.
As reported previously the amended plan among other things generally prohibited the electric distribution companies (EDCs) from engaging in joint advertising or joint marketing with a competitive affiliate.
However, as previously reported, in the adopted HB 6 stipulation, the FirstEnergy Ohio utilities agreed that neither they nor any affiliates will offer “competitive retail electric service” in Ohio for a period of five years, under a settlement with major stakeholders
In terms of the competitive retail electric service concerns raised by certain stakeholders the Commission generally took the position that such concerns may be addressed if, in the future, an affiliate of the FirstEnergy Ohio utilities seeks certification as a competitive retail electric service provider.
In light of these and other corrective actions, PUCO held, “We find the additional recommendations proposed in this proceeding to be unnecessary.”
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