Phase-In Recovery Rider
FirstEnergy
Current Rate
0.0449¢/kWh
PUCO Case
14-1297-EL-SSO
Est. 2016
Recovers principal/interest on phase-in recovery bonds securitized under O.R.C. §§4928.23–4928.2318. Non-bypassable.
📜 History & Background
The Phase-In Recovery (PIR) rider allows FirstEnergy to recover costs from prior rate cases that were deferred and phased in over time rather than charged to customers all at once. When PUCO approves a rate increase, it sometimes allows the utility to implement the increase gradually to reduce bill shock — the resulting 'regulatory asset' must be recovered later through the PIR. In FirstEnergy's case, PIR recovers deferred costs from the phase-in provisions of prior ESP settlements.
⚙️ How It Works
PIR is currently 0.0449¢/kWh for Rate RS, set to amortize the phase-in recovery bond principal and interest over the bond's term. Once the bond is fully retired, the rider terminates.
🔒 If You Switch Suppliers
Non-bypassable — regulatory deferred cost recovery applies to all distribution customers.