PUCO Audit Finds No Stadium Naming Rights Costs Have Been Charged To FirstEnergy Utility Customers
November 19, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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The Public Utilities Commission of Ohio (PUCO) released a third-party audit report finding that no costs for stadium naming rights have been charged to customers of FirstEnergy’s three Ohio electric distribution utilities.
The audit examined accounting records for Cleveland Electric Illuminating Company, Ohio Edison, Toledo Edison, and FirstEnergy Corp. and confirmed no payments were booked to accounts held by FirstEnergy’s three Ohio’s utilities, and thus, no costs have been passed on to utility customers.
Promotional advertising is not eligible to be included in regulated utility rates.