AEP Seeks Power Rate Hike

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electricityCHARLESTON, W.Va. — Appalachian Power and Wheeling Power are asking the West Virginia Service Commission for permission to increase power rates assessed to state residents.

The companies request will amount to a 4.4 percent increase. For a residential customer using 1,000 kilowatt-hours per month, the request brings the monthly bill to $98.14 from the current bill of $94.

The companies are also filing to acquire by June 30, 2014, 50 percent of the Mitchell Plant, two 800 megawatt fully-scrubbed coal generating units located near Moundsville, W.Va. The companies are seeking to secure a reliable, low-cost source of electricity for Wheeling Power customers.

Appalachian’s proposed 9.8 cents per kilowatt-hour remains below the national average residential price for electricity of 12.2 cents/kwh. Both Appalachian Power and Wheeling Power are subsidiaries of American Electric Power (AEP).

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