Public Utilities Reports

PUR Guide 2012 Fully Updated Version

Available NOW!
PUR Guide

This comprehensive self-study certification course is designed to teach the novice or pro everything they need to understand and succeed in every phase of the public utilities business.

Order Now

Ohio Repeats Warning to Centerior

Fortnightly Magazine - October 1 1996

The Ohio Public Utilities Commission has reaffirmed its "recommendation" (issued April 11 in a rate case order) that Toledo Edison Co. and Cleveland Electric Illuminating Co. (subsidiaries of Centerior Energy Corp.) should write down $1.25 billion in assets over the next five years to avoid the danger of even greater commission-mandated cost disallowances.

The PUC rejected arguments that it should have ordered the write-down directly. The PUC warned: "[W]e expect the company to act upon our complete recommendation," It added that Centerior did not dispute the recommendation in its application for rehearing. Case Nos. 95-299-EL-AIR et al., June 12, 1996 (Ohio P.U.C.1996).


Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.