Mon Power, Potomac Edison reach settlements for tree-trimming, fuel costs

Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp., have filed settlement agreements with the West Virginia Public Service Commission that would resolve two outstanding rate proceedings and emphasize the companies’ continued focus on delivering safe, reliable and affordable power. Jim Myers, president of FirstEnergy’s West Virginia operations: “We’re pleased to have reached agreements that allow us to continue making the important investments that support our commitment to a smarter energy future while minimizing the impact on customer bills. Continued focus on cost management and careful planning will help us keep our West Virginia rates the lowest among investor-owned utilities in the state and lower than the national average.” One of the proposed settlements reflects a two-year update of costs related to Mon Power and Potomac Edison’s vegetation management program. The other proposed settlement encompasses an adjustment to the Expanded Net Energy Cost rate that reflects higher fuel and purchased power expenses incurred by the companies.