Toledo Edison forwarded information to the township this week regarding its proposed Three-Year Rate Plan (TYRP), which has been filed with the Public Utilities Commission of Ohio. According to the company, the plan is designed to provide greater rate stability while supporting critical investments in reliability, grid modernization, economic growth, and customer assistance programs.
Key highlights of the proposal include:
- Stable Bills: The three-year framework helps make electric delivery rate adjustments more gradual and predictable for customers. The average monthly impact is estimated at approximately $5.30 per year for a typical residential customer using 1,000 kWh per month.
- Reliability Improvements: Approximately $410 million would be invested from 2027–2030 to replace aging infrastructure, modernize equipment, strengthen the electric grid, and improve storm response and power restoration efforts.
- Preparing for Growth: Investments will help support new residential and commercial development, as well as increasing electric demand across the region.
- Customer Assistance: The proposal includes a new $1 million Emergency Energy Support Fund for customers facing disconnection or seeking service restoration, along with a $4 million Energy Assistance Fund beginning in 2029.
Toledo Edison emphasized that the TYRP addresses only electric delivery rates—the portion of the bill that covers the poles, wires, substations, and related infrastructure used to deliver electricity. Delivery charges account for approximately 27% of a customer’s bill. The plan does not affect generation or supply charges, which make up more than half of a customer’s bill and are determined by other providers.