COLUMBUS, Ohio—FirstEnergy Corp.’s three Ohio utilities should make a number of changes to...

FirstEnergy should do more to comply with Ohio’s corporate separation rules, audit finds – cleveland.com

COLUMBUS, Ohio—FirstEnergy Corp.’s three Ohio utilities should make a number of changes to make the various parts of its company more compliant with the state’s corporate separation rules, an independent audit has concluded.The audit, ordered and released Monday by the Public Utilities Commission of Ohio, found no major violations of the state’s corporate separation requirements, which are designed to prevent affiliates of a utility from being “cross-subsidized” in a way that gives them an edge over their competitors.However, the audit identified eight minor violations, and recommended that FirstEnergy share some profits from subsidiary FirstEnergy Products with customers, separate two other …

 

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