Appalachian Power Co. asks for 12.8% increase, commission recommends 3%

Gray RedfoxAppalachian Power Co. wants to raise rates a whopping 12.8%. If the rate hike is permitted, a customer currently paying $105 per month would instead owe $118.44. The State Corporation Commission is recommending that commissioners consider limiting the rate increase to 3%.

Appalachian's 2009 profit from its full service territory, including parts of Virginia, West Virginia, and Tennessee, totaled $155.81 million.

Read more at The Roanoke Times-Dispatch...

Posted on Saturday, March 13, 2010 - 9:51am