Saturday, October 03, 2009
American Electric Power Customers Getting Higher Bills
The West Virginia Public Service Commission approved a 12.1% rate increase which went into effect this past week for customers of Applachian Power and Wheeling Power. The increase covers the first year of what is planned to be a four year phase-in. The utilities originally sought a 43% rate increase they said was needed to cover the cost of higher fuel. As a result of the increase, AEP, which owns the subsidiaries, is expected to take in $124.7 million in new revenue.
# posted by Homer Owens @ 7:28 PM 
