02:00 PM EDT, 05/31/2024 (MT Newswires) -- FirstEnergy ( FE ) said Friday its electric companies in Ohio will ask state regulators to review base electric rates.

The request that Ohio Edison, The Illuminating Company and Toledo Edison will file includes recovery of investments to strengthen the distribution system with the proposed change in annual revenue of $93.6 million, FirstEnergy ( FE ) said.

If approved by the Public Utilities Commission of Ohio, a regular non-shopping FirstEnergy Ohio utility residential customer using a monthly average of 750 kilowatt-hours of electricity may face a bill increase of 1.5%, or $1.88, the company said.

FirstEnergy ( FE ) shares rose 2% in recent trading Friday.

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