Electric Franchise Review

ERG performed an analysis of the potential impacts upon Toledo ratepayers of the proposed merger of the Toledo Edison Company (“TECO”) and Cleveland Electric Illuminating Company creating Centerior Energy. An independent econometric projection of Centerior’s future rates and comparison to projected TECO stand-alone rates was developed in support of establishing the City’s position with respect to the pending merger. In addition, a preliminary analysis of merger related transfers of TECO transmission assets along with associated transmission control issues and potential supply impacts upon City electric consumers was performed. Confidential briefings of City management were accomplished relative to the results of the analyses.

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