PUCO approves settlement agreement with FirstEnergy’s Ohio electric utilities.

The Public Utilities Commission of Ohio announced that it has approved a settlement agreement with FirstEnergy’s Ohio electric utilities – Ohio Edison, Cleveland Electric Illuminating Company, and Toledo Edison – that will provide $275 million in restitution to its customers and bring an end to the state agency’s investigations related to the $60 million House Bill 6 corruption scandal. Last November, PUCO ordered the three FirstEnergy companies to pay more than $250 million in restitution and penalties after determining that they violated state law and commission rules. Under that arrangement, $64 million of the $250 million was set to go to the state’s general fund.