Of a true rate case where companies have to open the books. Is that correct, President McCauley? Yeah, that's absolutely correct. And so Public utilities, so electric companies, for example, AEP, First Energy, Duke, they are regulated utilities, meaning in order for them to charge you anything, it needs to be approved by the Public Utilities Commission of Ohio. And to what Senator Wilkin just said, there were various ways to operate outside of rate cases where you'd have to open your books and the PUCO would have to actually have you true up what you should actually be charging for your rates. (06:50–07:05)
CLAIM
Asserts that electric companies in Ohio need approval from the Public Utilities Commission to charge customers.
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