May 10, 2026

On April 22, our Ohio electric companies (The Illuminating Company, Ohio Edison, and Toledo Edison) notified the PUCO that we will submit our first Three-Year Rate Plan (TYRP) on May 22. In simple terms, the TYRP is a roadmap for strengthening the distribution system – poles, wires, equipment and smart technology – so we can deliver reliable service while keeping rate changes predictable for customers.

The TYRP also enables our virtuous cycle. Whether you’re in Operations, Forestry, Engineering, Customer or support functions, the TYRP helps connect your work directly to the virtuous cycle by supporting our strategy pillars:

• Invest and Operate by planning the right work in the right places at the right time.
• Recovery through up-front review and annual accountability.
• Finance by creating a clear path to fund continued upgrades.

“This is a plan our employees will bring to life,” said Torrence Hinton, President of FirstEnergy Ohio. “We’re making smart, balanced investments in the system customers count on with transparency and affordability front and center. We’ve learned from the work already underway, and we’re planning our work in the next three years where it will have the biggest impact.”

A New Framework for Rate Filings

The TYRP uses a new approach to rate reviews introduced by new Ohio legislation in 2025. Key changes include:

• Forward-looking plan vs. looking backward: In the past, rates were based largely on costs already spent. The TYRP lays out the work we plan to do over the next three years.
• Transparency, year after year: We’ll provide annual updates to the PUCO showing what was completed and what it cost.
• Predictable changes for customers: Setting rates based on planned investments over multiple years helps customers see estimated rate impacts in the future.

Enabling Reliability Upgrades and Customer Support

Through the TYRP, we will build on work already underway across Ohio to keep the focus on fewer outages, faster restoration and stronger support for our customers, especially those who need it most:

• About $800 million per year (on average) to upgrade neighborhood equipment, improve facilities, and add technology that helps us operate the system and respond faster—especially during severe weather.
• About $83 million per year (on average) to expand tree trimming near power lines.
• Continue existing assistance and energy-efficiency programs and propose additional and expanded support for low-income customers.

The TYRP gives us a clear, accountable way to plan that work over several years so customers understand what’s coming, and our teams can stay focused on the upgrades that will make the biggest difference.