EUOCElectric Utility Operating Companies
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Under the Pennsylvania commission order approving the merger of FE and GPU, GPU's EUOC energy procurement costs in excess of current rates may be deferred through 2005, and recovered by year-end 2010.
The EUOCs will shoulder varying degrees of commodity risk, as dictated by individual state restructuring plans.
FE's Ohio-based EUOCs will continue to own generation capacity through 2005, while the soon to be acquired GPU subsidiaries have divested the vast majority of their electric generation capacity.