FirstEnergy Solutions bankruptcy
Recent news of FirstEnergy Solutions, Inc. filing to reorganize under bankruptcy may have you wondering what it means for your electric service.
FirstEnergy Solutions is a PUCO-certified competitive electric service provider with whom you may have a contract for electric generation service. You may have elected to sign a contract individually, or be a part of your local community's buying group, known as government aggregation.
What does it mean for my electric service if my supplier is going through bankruptcy?
For the time being, nothing. The supplier may find another energy company to buy their business and contracts to serve customers. Regardless, customers will be notified if there is a change in their supplier, and electricity should flow uninterrupted.
You can rest assured that the PUCO is closely following the bankruptcy proceeding and will do whatever is necessary to fulfill its mission of assuring adequate, safe and reliable utility service.
Will I lose power if my supplier is unable fulfill its obligations to provide competitive electric service?
No. Ohio law requires distribution utilities to serve as a “provider of last resort,” meaning if a competitive supplier for some reason fails to meet its contractual duty to provide power, the local utility still steps in and provides power.
I have a contract with FES, should I cancel or change suppliers?
While the decision from whom you buy power from is a personal one, there is no need to worry that you will be without power.
As always, you should consult the terms of your contract before making any decisions.
How do I know who my electric supplier is?
Consult your monthly electric bill. The name of your supplier, if you have one, is printed clearly on your bill.