FirstEnergy spokeswoman Jennifer More youthful refused so you’re able to review Monday towards OCC’s arguments

FirstEnergy spokeswoman Jennifer More youthful refused so you’re able to review Monday towards OCC’s arguments

The audit better if the PUCO, afterwards, “order clear studies tracking and you will preservation requirements” whenever granting energy costs that would be subject to coming audits. Additionally, it better if the latest “money pool” including costs try reduced into the would be to undergo a review about all 5 years from the each other an inside and you may outside auditor.

However in comments submitted on the PUCO into the elizabeth go out as the the newest OCC filed their statements, FirstEnergy mentioned “there can be over adequate support to close out that Companies complied to your Commission’s directive . to utilize Rider DMR financing, directly otherwise ultimately, in support of grid modernization.”

FirstEnergy said it’s trying to pertain Daymark audit’s a couple of pointers — auditing the latest “currency pool” at the least most of the five years and you may carrying out a reported split policy — calling him or her “positive suggestions.”

But not, FirstEnergy said the grid-modernization commission “is never ever designed to offer dollars to the Businesses to utilize in person to have specific tactics.” Alternatively, FirstEnergy proceeded, the intention of the cost “were to bring enhanced use of the main city locations” therefore, the organizations resources you will financing the grid adaptation step.

“There was a standard difference in investing in grid adaptation tactics and having borrowing assistance to get into financial support to fund for example programs,” FirstEnergy said.

FirstEnergy reported that it produced almost $40 mil directly in capital associated with grid modernization just like the percentage was in perception. […]