AEP subsidiaries propose revised rate increase in W.Va.
CHARLESTON, W.Va. (AP) — Two American Electric Power subsidiaries in West Virginia are proposing a revised rate increase that would bring a 3 percent revenue boost.
Appalachian Power and Wheeling Power filed the request with the state Public Service Commission on Tuesday for a $44 million rate increase. That’s down significantly from the nearly $115 million rate increase sought last May.
Appalachian Power says in a news release the latest request would increase bills about $5.38 for residential customers using 1,000 kilowatt hours per month. It says customers using 2,000 kilowatt hours per month would see a $1.37 reduction.
The statement says the agreement uses changes in the federal tax law to reduce the impact on customers.