Business News West Virginia

Mon Power and Potomac Edison to file for Rate Increase

As of March 9, 2026, Mon Power and Potomac Edison (FirstEnergy companies) notified the West Virginia Public Service Commission (PSC) of their intent to file a new base-rate case within 30 days. While no specific dollar amount was included in the initial 2026 notice, this follows a previous 2024 rate increase and indicates further upward pressure on customer bills to fund infrastructure, grid reliability, and storm resilience.

Key Details on 2026 Rate Case:

  • Purpose: The filing is intended to address rising costs and support system enhancements.
  • Scope: Affects Mon Power (approx. 395,000 WV customers) and Potomac Edison.
  • Timeline: The official rate case filing is expected within 30 days of March 9, 2026.
  • Process: Proposed rates are subject to negotiations with intervening parties before final approval by the PSC.

Contextual Information (2024 Rates):

  • In early 2024, a settlement resulted in an average monthly residential bill increase of 7.9% ($9.94), effective for that year.
  • That prior case focused on vegetation management (tree trimming) and infrastructure investments. FirstEnergy +4

This information is based on initial notice filings; final rate increases may differ based on PSC negotiations.