Public Hearing Scheduled for Electric Rate Increase in West Virginia
CHARLESTON — The West Virginia Public Service Commission (PSC) has announced a public hearing for Tuesday, June 17, regarding the proposed $250.5 million rate increase by Appalachian Power and Wheeling Power. Both companies, subsidiaries of American Electric Power, are seeking a 14.6% overall revenue hike, which would raise residential electricity bills by approximately $23.74 monthly for customers using 1,000 kilowatt-hours.
The evidentiary hearing will start at 9 a.m. at PSC headquarters, with the public hearing scheduled for 5:30 p.m. Residents can participate virtually by contacting the PSC. The proposed rate increase was originally set to take effect on December 1 but remains on hold pending PSC investigation.
In a bid to minimize financial impacts, Appalachian Power proposed securitizing certain assets to potentially decrease the monthly increase for customers from $23.74 to $6.72. Company officials emphasized a commitment to enhancing service reliability while addressing affordability concerns.
This is not the first rate increase request; the PSC previously rejected a similar proposal last September due to incomplete information. The commission remains open to reconsideration if the companies refile their tariff.
For inquiries, contact Steven Allen Adams at sadams@newsandsentinel.com.
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