Updated

Utility company FirstEnergy is seeking a $52.8 million rate increase in Maryland, a request that will test regulators' balance between reliability investments and affordability concerns for ratepayers. The filing reflects ongoing efforts by utilities to fund grid improvements amid rising infrastructure costs. The proposed increase comes as utilities across the country grapple with rising capital expenditure needs, including for grid modernization and reliability upgrades. Regulators will need to weigh the request against concerns about the affordability of electricity for consumers.