Thursday, March 6, 2014

Utility Companies Seek Rate Hike



Appalachian Power and Wheeling Power are seeking $68 million more from customers to make up for past and ongoing fuel costs.

The companies filed their request with the Public Service Commission on Tuesday. They said the additional money would plug a gap between the amount currently being collected and projected expenditures through the next annual filing period.

The monthly bill for a residential customer using 1,000 kilowatt-hours per month would increase from $94 to just over $98, an increase of 4.4 percent.

The companies also are seeking approval to acquire half of the Mitchell Plant near Moundsville from AEP Generation Resources.

APCO and Wheeling Power serve about 478,500 customers in 23 West Virginia counties.