FirstEnergy Rate Hike Appeal Won't Get High Court Review

Law360, New York (October 9, 2012, 6:16 PM EDT) -- The U.S. Supreme Court on Tuesday declined to hear a petition by a pair of FirstEnergy Corp. subsidiaries that claimed the Pennsylvania Public Utility Commission had no right to stop them from passing on $230 million in lost transmission costs to customers.

Tuesday’s announcement maintains a June 2011 Pennsylvania appeals court decision that prohibits Metropolitan Edison Co. and Pennsylvania Electric Co. from recovering from customers the $230 million incurred under a Federal Energy Regulatory Commission tariff.

“We believe that their action is not a comment on...
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