COLUMBUS, OHIO (Nov. 19, 2021) – Today the Public Utilities Commission of Ohio (PUCO) released a third-party audit report finding that no costs for stadium naming rights have been charged to customers of FirstEnergy’s three Ohio electric distribution utilities.
The audit examined accounting records for Cleveland Electric Illuminating Company, Ohio Edison, Toledo Edison, and FirstEnergy Corp. and confirmed no payments were booked to accounts held by FirstEnergy’s three Ohio’s utilities, and thus, no costs have been passed on to utility customers.
Promotional advertising is not eligible to be included in regulated utility rates.
The PUCO regulates three distribution utilities owned by FirstEnergy Corporation: The Cleveland Electric Illuminating Company, Ohio Edison Company, and The Toledo Edison Company. Rates charged by electric distribution companies are overseen by the PUCO. FirstEnergy Corporation is a holding company that owns many utilities and other subsidiaries across several states and is not regulated by the PUCO.
A copy of today’s audit report, filed by Blue Ridge Consulting Services, Inc., is available online by visiting www.PUCO.ohio.gov, clicking the link to Docketing Information Services and searching for case 20-1629-EL-UNC.
RELATED AND ONGOING CASES
The PUCO has four separate pending investigations related to FirstEnergy and the passage of Amended Substitute House Bill 6 (133 G.A.)