AES Ohio files Unopposed Settlement for its Three-Year Rate Plan

July 21, 2026

AES Ohio, a subsidiary of The AES Corporation (NYSE: AES), filed an unopposed Settlement (Stipulation) with the PUCO Staff and 16 parties for a Three-Year Rate Plan with the Public Utilities Commission of Ohio (PUCO) complying with Ohio’s new energy law. This marks a transition to a forward-looking approach, focusing on easy-to-understand billing, regular reviews, and audits, and holds the utility to new accountability measures. These include quarterly true up transparency for customer bills and billing delay safeguards.  

What this means for customers

• Predictable costs with planned distribution rates through 2029.
• Continued reliability improvements to strengthen and modernize the electric grid. Reliability-focused investments include replacing aging or damaged poles, continued installation of smart reclosers to reduce outages and faster restoration.
• Accountability to the community for utility spending and reliability. Our earnings will be tied to our ability to appropriately manage our costs and maintain/improve reliability.
• Customer protections that ensure data centers will pay for their costs, under a new Data Center Tariff as recommended by the PUCO.

“Achieving an unopposed Settlement in our Three-Year Rate Plan is an important milestone under Ohio’s new energy law and reflects constructive collaboration,” said Tom Raga, president of AES Ohio. “This agreement provides accountability by tying our earnings to our ability to appropriately manage our costs and maintain/improve reliability. In addition, it helps customers better understand future distribution costs and enables critical customer programs. We value the engagement of stakeholders and customers as the Settlement moves through the PUCO review process.”  

The Stipulated average annual increase for a typical residential customer is approximately 1% helping customers better plan for electric delivery costs and understand their bills. AES Ohio has also agreed to performance monitoring of its costs and reliability to support accountability to our customers and the PUCO. If approved, customers would see an increase of about 1.17%. A typical residential customer using 1,000 kWh per month would see an increase of about $2.43 per month beginning January 1, 2027. 

The next step in the process will be a review of the Settlement by the PUCO, with an Order expected by the end of the year.

A copy of the filed proposal is available on the PUCO docket under Case No. 25-958-EL-AIR.

For the latest information, visit AES Ohio Three-Year Rate Plan.

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About AES Ohio

AES Ohio is a subsidiary of The AES Corporation and provides regulated electric utility service to more than 540,000 residential, commercial and industrial customers in a 6,000-square-mile service area in West Central Ohio. Our people operate and maintain more than 1,600 miles of transmission lines, 13,000 miles of overhead distribution lines, 4,500 miles of underground distribution lines and 160 substations feeding 490 distribution circuits. Learn more about how AES Ohio is accelerating the future of energy, visit aes-ohio.com. Connect with AES Ohio on X, Facebook, and LinkedIn.