FirstEnergy to credit $43.3 million back to customers - 21 News Now, More Local News for Youngstown, Ohio -

FirstEnergy to credit $43.3 million back to customers

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COLUMBUS, Ohio (AP) - Ohio utility regulators have ordered FirstEnergy to credit $43.3 million back to customers that the company overcharged them for renewables purchases in Ohio's developing alternative energy market.

The Public Utilities Commission of Ohio voted unanimously on the order Wednesday, for the first time putting a dollar figure on excess costs the Akron-based utility passed on to customers. The company has the right to appeal.

Portions of audits detailing estimates of the overcharges have been blocked from public view because of confidentiality claims by the company, and PUCO Chairman Todd Snitchler said those figures will remain secret.

He said he is confident in the figure arrived at in Wednesday's order. An earlier estimate by an environmental group put the excess payments between $96 million and $126 million.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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