Today, state Senator Teresa Fedor (D-Toledo), member of the Senate Energy and Public Utilities Committee, released the following statement after the Federal Energy Regulatory Commission released its audit into First Energy Corporation and found seven areas of noncompliance with federal law:
“It is very disappointing to learn that FirstEnergy may have intentionally ignored regulatory safeguards to overcharge customers. The report released today clearly outlines how it overcharged wholesale transmission customers by $2.7 million and improperly charged costs from its lobbying activities to those customers. I commend the Federal Energy Regulatory Commission for not only recommending the money be refunded, but with interest, following an independent audit. Ohioans now have 2.7 million more reasons to demand greater accountability in the practices of utilities. The Public Utilities Commission of Ohio needs to look at this report and hold FirstEnergy accountable at the state level. ”
The audit resulted in 38 recommendations to bring FirstEnergy into compliance with federal accounting, records keeping and reporting laws. These include FirstEnergy submitting a refund analysis to the Federal Energy Regulatory Commission that outlines the calculation of refunds.
You can download the full audit report here