2/4/10 - This was reported by the Martinsville Bulletin on February 4, 2010, page 1. Appalachian Power Co. has proposed a halt to its 12.5 percent interim rate increase, a spokesman for the company said.
Appalachian Power Co. has proposed a halt to its 12.5 percent interim rate increase, a spokesman for the company said.
Appalachian Power had been asked to come to the Virginia Commission on Electric Utility Regulation on Wednesday to present a solution to concerns from legislators and customers about Appalachian rate increases, said Todd Burns, Appalachian’s corporate communications manager.
Appalachian began collecting the 12.5 percent interim rate increase in December. The State Corporation Commission is expected to rule on the rate request by July 15.
The commission voted Wednesday to recommend approval of Appalachian’s proposal by the commerce and labor committees in the Senate and House of Delegates, Burns said.
If the measure is approved by the General Assembly and signed by Gov. Bob McDonnell, the typical Appalachian residential customer who uses 1,000 kilowatt-hours a month would see his monthly bill drop from $117.86 to $105.81, according to Burns.
