FirstEnergy to Refund $900 Million in Federal Tax Cut Savings, Advance $500 Million Grid Modernization Plan
The Ohio Public Utilities Commission on July 17 adopted a settlement requiring FirstEnergy Corp.’s distribution utilities to revise their rates to reflect the savings from the federal tax cut law that slashed the corporate income tax rate to 21 percent from 35 percent, effective Jan. 1, 2018. The agreement calls for credits and rate revisions…
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