refunds
FirstEnergy to pay $306 million in refunds in legal settlement
FirstEnergy Corp. has agreed to refund $306 million to customers after the Supreme Court ruled the utility improperly excluded millions in charges from a calculation of whether its profits were “significantly excessive.” The refund traces back to what FirstEnergy called a “distribution modernization rider” (DMR) — about $458 million collected from customers over about 2.5 […]