Monday, June 07, 2010
Appalachian Power Reaches Settlement
WEST VIRGINIA....
During a hearing in Charleston Monday, Appalachian Power reached a settlement with a group of rate hike opponents which is expected to be approved by the Public Service Commission by June 30th. Under the hike, Appalachian Power's residential customer rates are expected to climb 7.4 percent next month. As part of the settlement, Appalachian agreed to scrap plans to offer a senior citizen discount... up to $60 a year for customers 65 and over. Appalachian says its $95.3 million rate hike was necessary to recoup the costs of coal, comply with environmental regulations and purchase power from other utilities. If the PSC approves the settlement, Appalachian Power's residential customers using 1,000 kilowatt-hours a month would see their monthly bills increase from $80.47 to $86.41, starting July 1st.
During a hearing in Charleston Monday, Appalachian Power reached a settlement with a group of rate hike opponents which is expected to be approved by the Public Service Commission by June 30th. Under the hike, Appalachian Power's residential customer rates are expected to climb 7.4 percent next month. As part of the settlement, Appalachian agreed to scrap plans to offer a senior citizen discount... up to $60 a year for customers 65 and over. Appalachian says its $95.3 million rate hike was necessary to recoup the costs of coal, comply with environmental regulations and purchase power from other utilities. If the PSC approves the settlement, Appalachian Power's residential customers using 1,000 kilowatt-hours a month would see their monthly bills increase from $80.47 to $86.41, starting July 1st.
# posted by Homer Owens @ 9:01 PM 
