PPL Electric Residents Can Avoid Future Generation Rate Increases for Six Years with FirstEnergy Solutions' PriceControl Offer

Offer provides up-front savings and long-term price certainty

Jan 14, 2014, 16:33 ET from FirstEnergy Corp.

AKRON, Ohio, Jan. 14, 2014 /PRNewswire/ -- Residents served by PPL Electric now have the opportunity to save money on their electric bills and secure a low generation price for six years by signing up with the FirstEnergy Solutions PriceControl offer.  By enrolling now, residents can lock in a fixed price of 8.11 cents per kilowatt-hour (kWh) on electric generation through 2019, which is a savings over PPL Electric's current average residential rate of 8.75 cents per kWh. 

"Our PriceControl offer is a great opportunity for residents interested in price stability to take advantage of today's historically low prices in the energy market," said Trent Smith, vice president of Sales & Marketing for FirstEnergy Solutions.  "They'll save money now and lock in a low price that won't change for six years.  A four-year plan is also available at 8.01 cents per kWh." 

Residents can enroll online at www.fes.com/ppl or by calling 1-866-623-0044. 

FirstEnergy Solutions, a subsidiary of FirstEnergy Corp. (NYSE: FE), is one of the nation's largest providers of competitive electric generation supply, serving 2.5 million customers in Ohio, Pennsylvania, New Jersey, Maryland, Michigan and Illinois. 

FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence.  Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York.  Its generation subsidiaries control more than 18,000 megawatts of capacity from a diversified mix of scrubbed coal, non-emitting nuclear, natural gas, hydro, pumped-storage hydro and other renewables.  Follow FirstEnergy on Twitter @FirstEnergyCorp.

FirstEnergy Solutions is an unregulated affiliate of Met-Ed, Penelec, Penn Power and West Penn Power, and is not the same company as your local electric utility. FirstEnergy Solutions' prices are not regulated by the Pennsylvania Public Utility Commission and a customer is not required to buy electricity or other products or services from FirstEnergy Solutions in order to receive the same quality service from your local electric utility.

SOURCE FirstEnergy Corp.