Mon Power and Potomac Edison, both subsidiaries of FirstEnergy, have filed a request with the Public Service Commission (PSC) of West Virginia for a rate increase of $96m.
The request was filed to transfer the present costs being collected for the Harrison generation transaction to Mon Power’s and Potomac Edison’s permanent rates.
The filing comprises recovery of costs associated with storm repairs from the 2012 Derecho and Hurricane Sandy, along with operating costs at power stations.
Additionally, the rate request includes hiring 50 new company employees to assist enhance service reliability.
If the request is sanctioned, the monthly bill for a typical residential customer using 1,000kWh is estimated be around $106.79.
FirstEnergy West Virginia operations president Holly Kauffman said, "The filing will help ensure continued safe and reliable electric generation for our customers.
"On the utility side of our operations, the new employees will include linemen, engineers, supervisors and other personnel to help make the service we provide our customers even better and meet anticipated business growth in our state."