PUCO approves $4.4B rate base, 9.63% ROE for FirstEnergy Ohio utilities

FIRSTENERGY CORP

PUCO order sets distribution rate base at $4.4B, ROE 9.63%, and net revenue adjustment of $34M for Ohio companies.
Order allows recovery of $245M storm restoration costs over 5 years and $92M deferred O&M over 10 years.
Capital structure set at 48.8% debt / 51.2% equity.
Company expects to file a three-year rate plan in Ohio following the order.

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