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Another step taken by the authorities is to check the financial reports of power distributors.
After howls of protest from the customers, mostly municipal power distributors, it cut the increase to 7.4%.
Unlike California's, New York State's regulators allow the power distributors to pass on the full cost increases to consumers.
For one, the state regulator should take a closer look at power distributors' expenses since these are paid by the customers.
It buys turbines, erects them and sells the electricity they generate to China's power distributors at prices fixed by the state.
The Polish government's long attempt to sell the "G8" cluster of power distributors in central and northern Poland is not one of them.
Similar(42)
The power distributor is the worst performer on Austria's ATX Index so far this year, having fallen 37percentt.
Although there are three companies operating on the market, Bulgarians have limited choice since each power distributor has been assigned a specific region of the country.
It also said it had ruled out merging Seeboard, a natural gas and power distributor it owns in England, with Yorkshire Electricity, a British utility it partly owns.
The company tried to find a buyer for the Argentine power distributor last year and failed because of the country's financial crisis, FirstEnergy said.
This year, Qatar bought a 6.2 percent stake in the Spanish utility Iberdrola, giving it access to European power markets, big wind-power projects and the potential to tap high-growth areas like Latin America, where Iberdrola has acquired a Brazilian power distributor.
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