[Cite as Martin Marietta Magnesia Specialties, L.L.C. v. Pub. Util. Comm., 129 Ohio St.3d 485, 2011-Ohio-4189.]

M ARTIN M ARIETTA M AGNESIA S PECIALTIES , L.L.C., A PPELLANT , v. P UBLIC U TILITIES C OMMISSION OF O HIO , A PPELLEE . C ALPHALON C ORPORATION , A PPELLANT , v. P UBLIC U TILITIES C OMMISSION OF O HIO , A PPELLEE . K RAFT F OODS G LOBAL , I NC ., A PPELLANT , v. P UBLIC U TILITIES C OMMISSION OF O HIO , A PPELLEE . W ORTHINGTON I NDUSTRIES , A PPELLANT , v. P UBLIC U TILITIES C OMMISSION OF O HIO , A PPELLEE . B RUSH W ELLMAN , I NC ., A PPELLANT , v. P UBLIC U TILITIES C OMMISSION OF O HIO , A PPELLEE . [Cite as Martin Marietta Magnesia Specialties, L.L.C. v. Pub. Util. Comm., 129 Ohio St.3d 485, 2011-Ohio-4189.] Termination date of special contracts entered into under R.C. 4905.31 — Public Utilities Commission erred in determining that it needed to refer to its earlier electric-deregulation decisions to interpret the plain language of the special contracts. (Nos. 2009-1064, 2009-1065, 2009-1067, 2009-1071, and 2009-1072 — Submitted May 24, 2011 — Decided August 25, 2011.)
A PPEAL from the Public Utilities Commission of Ohio, No. 08-893-EL-CSS.
A PPEAL from the Public Utilities Commission of Ohio, No. 08-145-EL-CSS.
A PPEAL from the Public Utilities Commission of Ohio, No. 08-146-EL-CSS.
A PPEAL from the Public Utilities Commission of Ohio, No. 08-67-EL-CSS.
A PPEAL from the Public Utilities Commission of Ohio, No. 08-254-EL-CSS.

__________________ O’D ONNELL , J.
I. Introduction {¶ 1} Martin Marietta Magnesia Specialties, L.L.C., the Calphalon Corporation, Kraft Foods Global, Inc ., Worthington Industries, and BrushS UPREME C OURT OF O HIO

2 Wellman, Inc., each appeal from a decision of the Public Utilities Commission of Ohio (“PUCO”) that established February 2008 as the termination date for special contracts they entered into with the Toledo Edison Company for the sale of electricity. These special contracts had been approved by the PUCO pursuant to R.C. 4905.31, which permits “reasonable ar rangements” between public utilities and their customers. Generally, such contracts include arrangements that differ
from the standard rate schedules and are often tailored to a specific customer’s
service. {¶ 2} The parties to these appeals have asked us to determine the termination date of appellants’ special contracts with Toledo Edison. Appellants contend that Toledo Edison agreed in 2001 that the contracts would not terminate until Toledo Edison stopped collecting regulatory-transition charges from its customers. Appellants further contend that their contracts did not expire untilDecember 31, 2008, the date when Toledo Edison stopped collecting regulatorytransition charges. {¶ 3} In contrast, intervening appe llee Toledo Edison and the PUCO maintain that the special contracts expi red in February 2008, as provided by the commission’s orders in electric-deregu lation cases involving Toledo Edison. {¶ 4} The PUCO found that based on the language of the special contracts and its orders in the earlier electric-deregulation cases, the contracts terminated in February 2008. The commission erred in th is determination, and we accordingly reverse its order and enter judg ment in favor of appellants.
II. Facts {¶ 5} In 2008, appellants filed complaints pursuant to R.C. 4905.26 against Toledo Edison with the Public Utilities Commission of Ohio. See PUCO case No. 08-893-EL-CSS (Martin Mari etta); PUCO case No. 08-145-EL-CSS (Calphalon); PUCO case No. 8-146-EL-C SS (Kraft); PUCO case No. 08-67-ELCSS (Worthington); and PUCO case No. 08-254-EL-CSS (Brush Wellman). InJanuary Term, 2011

3 proceedings before the commission, the atto rney examiner consolidated the five complaints, and the parties then filed joint stipulations of fact. {¶ 6} Between 1990 and 1997, Toledo Edison entered into an electricservice contract with each appellant, and those contracts became valid after approval by the commission pursuant to R. C. 4905.31. According to the terms of these contracts, appellants received disc ount pricing for electric service below the standard tariff rates charged by Toledo Ed ison to other large industrial customers. {¶ 7} On October 5, 1999, the General Assembly enacted Am.Sub.S.B. No. 3, codified as R.C. Chapter 4928, whic h restructured Ohio’s electric-utility industry to allow retail customers to buy el ectric service from providers other than local electric-service providers. Am .Sub.S.B. No. 3, 148 Ohio Laws, Part IV, 7962 (“S.B. 3”). Following passage of that legislation, in a series of cases involving Toledo Edison and other electri c utilities, the PUCO attempted to ease the transition from a regulated rate structure to a market rate structure. See Toledo Edison’s electric-transition-plan case, case No. 99-1212-EL-ETP; ratestabilization-plan case, case No. 03-2144- EL-ATA; and rate-certainty-plan case, case No. 05-1125-EL-ATA (collectively, “the S.B. 3 cases”). {¶ 8} Through a series of agreed stipulations and commission orders in the S.B. 3 cases, special-contract customers were able to extend the duration of their
contracts with Toledo Edison. {¶ 9} In the first S.B. 3 case, Toledo Edison’s electric-transition-plan case, special-contract customers were given a one-time opportunity to extend their special contracts, provided that those customers agreed to the offer by December 31, 2001. None of the appellants was a part y to the electric-transition-plan case, but each received notice of the offer to extend its special contracts from Toledo Edison pursuant to the electric-transiti on-plan stipulation and the commission’s order approving that stipulation. Each ac cepted the offer to extend the terms of itsS UPREME C OURT OF O HIO

4 contract with Toledo Edison until the da te that Toledo Edison stopped collecting its regulatory-transition charges. {¶ 10} Thereafter, each appellant amended its agreement with Toledo Edison, referred to as “the 2001 Amendmen ts.” Each agreement contained the following language: “This Agreement, as amended, shall terminate with the bill rendered for the electric usage through the date which RTC ceases for the [Toledo Edison] Company.” The contracts defined “RTC” as regulatory-transition charges. {¶ 11} The next opportunity to extend th ese contracts occurred in the second S.B. 3 case, Toledo Edison’s rate-stab ilization-plan case. In that case, the commission again approved a joint stipul ation filed by Toledo Edison and other parties allowing Toledo Edison’s customers to extend the term of any special contract beyond the extension approved in the electric-transition-plan case.However, unlike the electric-transition-plan case, neither the rate-stabilizationplan stipulation nor the commission’s orde r required Toledo Edison to notify its special-contract customers of the opport unity to extend, and Toledo Edison did not directly communicate with appellants or any other special-contract customer regarding this option. None of Tole do Edison’s special-contract customers, including appellants, was a party to the rate-stabilization-plan case. Despite this, nine of Toledo Edison’s 46 special-contract customers requested Toledo Edison to extend the terms of their special contract s, and Toledo Edison agreed. None of the appellants in this case, however, submitted a similar request to Toledo Edison
to extend the term of its contract. {¶ 12} Another stipulated contract exte nsion was approved in the third S.B. 3 case, Toledo Edison’s rate-certainty -plan case. This stipulation provided that those special c ontracts that were extended unde r the rate-stabilization-plan
case would continue in effect until Dece mber 31, 2008. The stipulation further provided that special contracts extended unde r the electric-transition-plan case butJanuary Term, 2011

5 not under the rate-stabilization-plan case— such as appellants’ contracts—would continue in effect until February 2008. Th e stipulation stated that the February
2008 termination date for such contract s was “consistent with the [electrictransition-plan’s] method of calcula tion of the contract end dates.” {¶ 13} The commission’s order in the rate-certainty-plan case also
authorized Toledo Edison to continue to recover regulatory-transition charges through December 31, 2008. Accordingly, Toledo Edison continued to recover regulatory-transition charges after February 2008, through December 31, 2008. Notably, appellants were not parties to the rate-certainty-plan case and were not notified that an end date for special cont racts would be established in that case. {¶ 14} Thus, following the order in the rate-certainty-plan case, appellants’ contracts were arguably scheduled to terminate (1) according to the contracts, upon the termination of the regulatory-transition charges and (2) according to the rate-certainty-plan order, in February 2008. {¶ 15} Between February 2006 and September 2007, Toledo Edison informed appellants that th eir special contracts would terminate in February 2008, and in response, between January and Ju ly 2008, appellants filed the underlying complaints, alleging that Toledo Edison’s attempt to unilaterally change the plain language of the special contracts was unreasonable and unlawful. According to appellants, the 2001 Amendments to thei r special contracts provided that the
contracts were to terminate on the da te that Toledo Edison stopped collecting regulatory-transition charges, which turned out to be December 31, 2008. Appellants complained that despite this provision of the contract, Toledo Edison
intended to terminate the contracts in February 2008, the date set by the commission in the third S.B. 3 case, ten months before the utility ceased collecting the regulatory-transition charges. {¶ 16} Toledo Edison subsequently entered into escrow agreements with Worthington, Calphalon, Kraft, and Br ush Wellman, whereby those appellantsS UPREME C OURT OF O HIO

6 agreed to escrow the difference between what those appellants and Toledo Edison alleged should be the cost of electri c service between February 2008 and December 31, 2008. There is no escrow agreement between Martin Marietta and
Toledo Edison. {¶ 17} On February 19, 2009, the commission issued its order dismissing appellants’ complaints. The commission f ound that appellants’ special contracts terminated in February 2008, and it noted that the electric-transition-plan stipulation provided that Toledo Edison’ s collection of regulatory-transition charges would continue until its cumulativ e distribution sales reached a certain
level based on the number of kilowatt-hours. The commission concluded that the February 2008 contract end date—which wa s established in the rate-certaintyplan case—was consistent with the electric-transition-plan stipulation’s “original
method of calculation” of the contract-t ermination dates agreed to by Toledo Edison and appellants in the 2001 Amendmen ts. Because the electric-transitionplan stipulation formed the basis fo r the 2001 Amendments, the commission concluded that appellants had agreed to Toledo Edison’s “offer” that the electrictransition plan’s method of calculation w ould determine the te rmination dates for appellants’ special contracts. {¶ 18} Appellants timely filed a joint application for rehearing, but the commission denied that application. {¶ 19} These appeals followed. Because the appeals share identical facts and legal issues, we consolidated these cas es for briefing and oral argument. 122 Ohio St.3d 1463, 2009-Ohio-3385, 909 N.E.2d 639. Appellants jointly raise four propositions of law. For the reasons discu ssed below, we sustai n appellants’ first proposition of law, reverse the commi ssion’s orders, and do not reach the remaining propositions of law.
III. Standard of ReviewJanuary Term, 2011

7 {¶ 20} “R.C. 4903.13 provides that a PUCO order shall be reversed, vacated, or modified by this court only when, upon consideration of the record,
the court finds the order to be unlawful or unreasonable.” Constellation NewEnergy, Inc. v. Pub. Util. Comm.
, 104 Ohio St.3d 530, 2004-Ohio-6767, 820 N.E.2d 885, ¶ 50. We will not reverse or modify a PUCO decision as to questions
of fact when the record contains suffici ent probative evidence to show that the commission’s decision was not manifestly ag ainst the weight of the evidence and was not so clearly unsupported by the record as to show misapprehension, mistake, or willful disregard of duty. Monongahela Power Co. v. Pub. Util.
Comm. , 104 Ohio St.3d 571, 2004-Ohio-6896, 820 N.E.2d 921, ¶ 29. The appellant bears the burden of demonstrating that the PUCO’s decision is against the manifest weight of the evidence or is clearly unsupported by the record. Id.
IV. Appellants’ First Proposition of Law {¶ 21} In their first proposition of law, appellants contend that the commission erred when it failed to apply the clear and unambiguous language of the 2001 Amendments to their special c ontracts. They argue that the 2001 Amendments expressly state that their contracts would terminate on the date that
Toledo Edison ceased its collection of regulatory-transition charges, i.e., December 31, 2008, but Toledo Edison terminat ed their contracts in February 2008. Appellants therefore argue that the commission unlawfully and unreasonably disregarded the plain language of the 2001 Amendments when it allowed Toledo Edison to terminate appella nts’ contracts in February 2008, ten months before the regulatory-transition-charges ended. A. The PUCO ignored the plain language of the 2001 Amendments to appellants’ special contracts {¶ 22} When confronted with an issue of contract interpretation, the role of the court is to give effect to the intent of the parties to that agreement. The court examines the contract as a whole and presumes that the intent of the partiesS UPREME C OURT OF O HIO

8 is reflected in the language used in the agreement. Westfield Ins. Co. v. Galatis
, 100 Ohio St.3d 216, 2003-Ohio-5849, 797 N. E.2d 1256, ¶ 11. “Where the parties following negotiation make mutual promises which thereafter are integrated into an unambiguous contract duly executed by th em, courts will not give the contract a construction other than that which the plai n language of the contract provides.” Aultman Hosp. Assn. v. Community Mut. Ins. Co. (1989), 46 Ohio St.3d 51, 544 N.E.2d 920, paragraph one of the syllabus . “When the language of a written contract is clear, a court may look no further than the writing itself to find the intent of the parties.” Galatis at ¶ 11. Evidence cannot be introduced to show an agreement between the parties that is materially different from that expressed by the clear and unambiguous language of the instrument. Blosser v. Enderlin (1925), 113 Ohio St. 121, 148 N.E. 393, paragraph two of the syllabus. “As a matter of law, a contract is unambiguous if it can be given a definite legal meaning.” Galatis at ¶ 11. {¶ 23} The 2001 Amendments to appellant s’ special contracts provided that those contracts “shall terminate with the bill rendered for the electric usage through the date which [the regulatory-t ransition charge] ceases for the [Toledo Edison] Company.” This language is clear and unambiguous. Accordingly, the commission was bound to give effect to the parties’ intent, as expressed in the plain language of the agreements. {¶ 24} Contrary to the commission’s determination that appellants and Toledo Edison had agreed in the 2001 Ame ndments that the contract-termination dates would be determined by a calculation that tied regulatory-transition charges to Toledo Edison’s distribution sales, not hing in the 2001 Amendments specifies that appellants’ special contracts woul d end when Toledo Edison’s distribution
sales reach a certain level. Because no such provision was included, and because the actual termination provision is unambiguous, the commission should haveJanuary Term, 2011

9 determined the intent of the parties to the special contracts from the four corners
of the document. {¶ 25} The parties here agreed that the termination date of the contracts would be the termination of the regulato ry-transition charges. Thus, based on the plain language of these agreements, Toledo Edison should not have been allowed to terminate appellants’ special contracts in February 2008; rather, they remained in effect until December 31, 2008, when the utility ceased collecting the regulatory-transition charges. B. Counterarguments of Toledo Edison and the PUCO {¶ 26} In response to appellants’ firs t proposition of law, Toledo Edison
and the PUCO raise four counter arguments. None has merit. 1. The S.B. 3 cases did not provide the language of the special contracts with special meaning {¶ 27} On appeal, the PUCO argues that the S.B. 3 cases were an integral part of appellants’ special contracts and provided special meaning to the language used in the agreements. The PUCO maintains that appellants’ special contracts are entirely dependent on the commission’s S.B. 3 orders because (1) the contracts were first extended through the 2001 Amendments pursuant to the electric-transition-plan case and (2) th e commission fixed the end point of Toledo Edison’s collection of regulatory-transition charges in the rate-certainty-plan case. {¶ 28} For its part, Toledo Edison contends that it would be impossible to
determine the intent of the contrac ting parties without reference to the commission’s orders in the S.B. 3 cases. In Toledo Edison’s view, the commission necessarily had to review the circumstances surrounding the 2001 Amendments to the special contracts to determine the meaning of “regulatorytransition charges” and when those charges would cease according to the agreements. Otherwise, Toledo Edison aver s, the termination language contained in the 2001 Amendments had no meaning.S UPREME C OURT OF O HIO

10 {¶ 29} We recognize that when circum stances surrounding an agreement invest the language of the contract with a special meaning, extrinsic evidence can be considered in an effort to give effect to the parties’ intention. See Shifrin v. Forest City Ents., Inc. (1992), 64 Ohio St.3d 635, 597 N.E.2d 499, syllabus. See
also Graham v. Drydock Coal Co. (1996), 76 Ohio St.3d 311, 313-314, 667 N.E.2d 949, Latina v. Woodpath Dev. Co . (1991), 57 Ohio St.3d 212, 214, 567
N.E.2d 262. {¶ 30} However, the circumstances do not show that the commission’s orders in the S.B. 3 cases invested the language of the special contracts with any special meaning or reflected the intent of the contracting parties. None of the appellants was a party to the S.B. 3 cases or joined in the stipulations approved by
the commission in those cases. Fu rther, the 2001 Amendments did not tie termination of the contracts to Toledo Edison’s distribution sales reaching a certain level. Rather, the 2001 Amendments tied termination of the contracts to the end of the regulatory-transition charges. Thus, the commission erred in relying on the S.B. 3 cases to alter the plain meaning of appellants’ special contracts and in allowing Toledo Edison to terminate the special contracts in February 2008, when it continued to coll ect regulatory-transition charges until
December 2008. 2. The commission did not invoke its authority under R.C. 4905.31 to supervise or modify the special contracts {¶ 31} Both Toledo Edison and the PUCO c ontend that appellants’ special contracts are “reasonable arrangements ” pursuant to R.C. 4905.31, and as such, are subject to the commission’s continui ng supervision and regulation, and they maintain that the commission acted within this authority when it determined the end dates for appellants’ c ontracts. The PUCO further argues that R.C. 4905.31 gives the commission authority to modi fy appellants’ special contracts.January Term, 2011

11 {¶ 32} There is no dispute that pursuant to R.C. 4905.31, the commission has authority to regulate, supervise, and m odify special contracts. But nowhere in the commission’s orders in this case did it claim to be using that authority to supervise, regulate, or modify appellant s’ special contracts. In fact, the
commission expressly denied on rehearing that it had modified the terms of these special contracts in the underlying case s. Given that the commission never invoked the authority provided by R.C. 4905.31 in the proceedings below and affirmatively disclaimed that it was modifying the contracts, it cannot defend its decision on that basis on appeal. 3. Toledo Edison’s regulatory-transition charges did not cease on January 1, 2006 {¶ 33} Both Toledo Edison and the PUCO claim that the collecting of regulatory-transition charges referred to in the 2001 Amendments ended long before appellants’ special contracts were terminated in February 2008. Specifically, they contend that Toledo Ed ison stopped collecting those particular regulatory-transition charges on January 1, 2006. Therefore, they contend, the commission properly determined that the contracts did not extend to December 31, 2008. {¶ 34} According to Toledo Edison and the PUCO, the rate-certainty-plan case ordered that new regulatory charge s—the “RTC rate components,” which are made up of regulatory-transition charges and extended regulatory-transition charges—were to replace the regulatory-transition charges referred to in the 2001 Amendments. According to appellees, the extended regulatory-transition charges replaced the regulatory-transition charges referred to in the 2001 Amendments to appellants’ contracts. That is, the PU CO and Toledo Edison concede that Toledo Edison continued to collect regulatory-transition charges after January 1, 2006, but they maintain that those charges were not the same regulatory-transition charges originally tied to the termination of the special contracts. Instead, theyS UPREME C OURT OF O HIO

12 claim that those “original” regulatory- transition charges ended in January 2006
and that Toledo Edison collected the RT C rate components after January 2006 and until December 31, 2008. {¶ 35} During oral argument before this court, counsel for the PUCO
contradicted the statements in the PUCO brief and claimed that Toledo Edison stopped collecting regulatory-transition ch arges in February 2008, rather than January 2006. Counsel maintained that th e regulatory-transition charges referred to in appellants’ special contracts were designed to recover different costs than those costs intended to be recovered by the extended regulatory-transition charges. Counsel explained that th e regulatory-transition charges were implemented to recover Toledo Edison’s “stranded” costs, while the extended regulatory-transition charges recovered Tole do Edison’s deferred fuel costs. The PUCO’s counsel argued that the regulatory-transition charges set forth in the 2001 Amendments were no longer being collected, because Toledo Edison was no longer recovering its stranded costs. Ra ther, according to counsel, from February 2008 until the end of December 2008, Toledo Ed ison was recovering its deferred fuel costs solely through the collection of the extended regulatory-transition charges. {¶ 36} However, these arguments are contradicted by the agreed stipulation of facts that the commission relied on to resolve this case. Toledo Edison and appellants filed a joint stipulation of facts in these cases when they were before the commission that stated that the rate-certainty-plan case “authorized [Toledo Edison] to recover [regulatory-transition charges] throughDecember 31, 2008, and [Toledo Edison] has continued to recover [regulatorytransition charges] after [a ppellants’] February 2008 b illing dates.” The parties further stipulated that Toledo Edison “project[ed] its Regulatory Transition Charge will cease on or before December 31, 2008.”January Term, 2011

13 {¶ 37} The joint stipulation was submitted into evidence on July 23, 2008, well after the dates (January 1, 2006, and February 2008) on which Toledo Edison and the PUCO now allege that regu latory-transition charges had ended. Moreover, although the agreed stipulation refers to both the regulatory-transition charges and the extended regulatory-transition charges, the stipulation makes no distinction between the regulatory-transition charges referred to in the 2001
Amendments and those discussed in the rate-certainty-plan case. {¶ 38} Toledo Edison stipulated that it did not stop collecting regulatorytransition charges until December 31, 2008. If Toledo Edison had been collecting only extended regulatory-transition charge s or the RTC rate components between February and December 2008—as it and th e PUCO now allege—certainly Toledo Edison could have stipulated to that fact or litigated the issue. For whatever reason, Toledo Edison did neither. {¶ 39} Further, the commission never found that Toledo Edison had stopped collecting regulatory-transition charges on January 1, 2006, or in February 2008, or at any other time befo re December 31, 2008. If Toledo Edison had actually stopped collecting regulato ry-transition charges in February 2008, the commission would have said so. Instead, the commission held that the
contract-termination dates we re consistent with the “method of calculation” for when regulatory-transition charges should have ended, not when those charges actually ended. 4. Appellants’ complaints were not an improper collateral attack on the commission’s prior orders {¶ 40} Appellants filed compla ints pursuant to R.C. 4905.26 challenging Toledo Edison’s right to terminate the sp ecial contracts in February 2008. The commission dismissed appellants’ complaints, finding in part that the complaints were an improper collateral attack upon the commission’s orders in the ratestabilization-plan and rate-certainty-plan cases, the latter of which established theS UPREME C OURT OF O HIO

14 contract-termination dates. According to the commission, to allow appellants to collaterally attack its prior decisions “at this late date” may give appellants an unfair advantage over other special-contract customers who followed those cases and took the risk of extending their cont racts when today’s market rates were
unknown. Toledo Edison and the PUCO cla im on appeal that the commission acted reasonably and lawfully in dis missing appellants’ complaints on this ground. {¶ 41} Contrary to the commission’s finding, its prior orders can be collaterally attacked through R.C. 4905.26 complaint proceedings. We have long held that “R.C. 4905.26 is broad in scope * * *. [R]easonable grounds may exist to raise issues which might strictly be viewed as ‘collateral attacks’ on previous
orders.” Allnet Communications Servs., Inc. v. Pub. Util. Comm. (1987), 32 Ohio St.3d 115, 117, 512 N.E.2d 350, citing W. Res. Transit Auth. v. Pub. Util. Comm. (1974), 39 Ohio St.2d 16, 68 O.O.2d 9, 313 N.E.2d 811. {¶ 42} As to the commission’s concern that appellants may have gained an unfair advantage over those Toledo Ed ison special-contract customers who extended their contracts when today’s ma rket prices were unknown, that concern is irrelevant to the critical issue before us: the meaning of the language contained
in the 2001 Amendments to a ppellants’ special contracts. {¶ 43} Intertwined with its collateral-a ttack argument, Toledo Edison also raises the equitable defenses of waiver and laches. Toledo Edison complains that it informed appellants of the February 2008 actual termination of their contracts in 2006 and 2007, but the first appellant to f ile a complaint with the commission challenging the termination date waite d until January 2008 to do so. These
defenses are not well taken. {¶ 44} Waiver is a voluntary relinquishment of a known legal right. State ex rel. Madden v. Windham Exempted Village School Dist. Bd. of Edn. (1989), 42 Ohio St.3d 86, 89, 537 N.E.2d 646. Appellants filed their complaints with theJanuary Term, 2011

15 commission between January and July 2008, at the latest only a few months after Toledo Edison’s attempt to terminate the contracts in February 2008. Toledo Edison offers no argument or evidence as to how appellants have voluntarily
waived their claims. {¶ 45} Toledo Edison’s laches argument also lacks merit. The elements of laches are (1) unreasonable delay or lapse of time in asserting a right, (2) absence of an excuse for such a delay, (3) knowledge—actual or c onstructive—of the injury or wrong, and (4) prejudice to the other party. State ex rel. Cater v. N.
Olmsted (1994), 69 Ohio St.3d 315, 325, 631 N.E.2d 1048. Toledo Edison must establish all four elements, but it has not shown that there was any unreasonable or prejudicial delay in this case. At most, a four-month window occurred between termination of the contracts and litigation. C. Conclusion to First Proposition of Law {¶ 46} Appellants’ first propos ition of law is well taken. The commission erred in determining that evidence of the stipulations and orders in Toledo Edison’s electric-transition-plan and rate-certainty-plan cases were needed to interpret the plain language of th e 2001 Amendments, which provided that appellants’ specia l contracts were to continue until Toledo Edison stopped collecting the regulatory-transition charges. That occurred on December 31, 2008. Accordingly, the commission unlawfully and unreasonably allowed Toledo Edison to terminate the special contracts in February 2008. V. Appellants’ Second, Third, and Fourth Propositions of Law {¶ 47} Due to our disposition of the first proposition of law, we need not address appellants’ remain ing propositions of law.
VI. Conclusion {¶ 48} The decision of the commission is reversed, and we enter judgment for appellants.
Orders reversed.S UPREME C OURT OF O HIO

16 O’C ONNOR , C.J., and P FEIFER , L UNDBERG S TRATTON , L ANZINGER , C UPP , and M C G EE B ROWN , JJ., concur.

__________________ Craig I. Smith; Kravitz, Brown & Dortch, L.L.C., and Michael D. Dortch; Bricker & Eckler, L.L.P., Thomas J. O’Brien, and Matthew W. Warnock; and Crowell & Moring, L.L.P., and Dani el W. Wolff, for appellants. Michael DeWine, Attorney General, William L. Wright, Section Chief, and Thomas W. McNamee and John H. Jones, Assistant Attorneys General, for appellee. Calfee, Halter & Griswold, L.L.P., James F. Lang, and N. Trevor Alexander, for intervening appellee.

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