swva_fan 94 Report Share Posted May 16, 2007 The State Corporation Commission has approved a rate increase for Appalachian Power, but it's significantly lower that what the utility requested. Late Tuesday afternoon, the SCC announced a 3.1 percent increase, or about $24 million. APCO had requested an increase of $198.5 million--or 25.4 percent. The SCC's final order said "APCo's customers deserve better treatment than the company wishes to impose upon them." The commission ordered Appalachian Power to begin charging the lower rate in 30 days and to make refunds, with interest, to customers within 90 days. Apco had asked for more time to lower the rates and provide the refunds. APCo filed its $198.5 million rate request in May 2006. By law, the increase was allowed to take effect October 2, 2006 on an interim basis, subject to refund with interest. The SCC says its order will knock $11.80 off the monthly bill of a residential customer who uses one thousand kilowatt hours of electricity. Refunds will appear as a credit on customer bills. Quote Link to comment Share on other sites More sharing options...
GMan 3,569 Report Share Posted May 16, 2007 Great minds think alike...I just posted the same thing! LOL Quote Link to comment Share on other sites More sharing options...
swva_fan 94 Author Report Share Posted May 16, 2007 lol, I just saw it on the news earlier. Quote Link to comment Share on other sites More sharing options...
dcecilgolf 11 Report Share Posted May 16, 2007 Just curious, how is power "given" in other industrialized countries, bc our system just flat out sucks? Quote Link to comment Share on other sites More sharing options...
BLU 10 Report Share Posted May 16, 2007 We get refund WITH intrest Quote Link to comment Share on other sites More sharing options...
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