APPALACHIAN POWER WANTS 17% INCREASE |
| (03/01/2008) |
| Appalachian Power and Wheeling Power are seeking a $156 million rate increase. The American Electric Power subsidiaries requested the 17 percent increase Friday with the PSC. If the increase is approved, residential customers using 1,000 kilowatt-hours a month would see their bills increase by more than $9 to about $74, beginning in July. Appalachian Power President Dana Waldo says about $134 million of the revenue generated would cover higher costs for fuel, primarily coal, used to generate electricity, and for purchased power. Another $17 million would pay for pollution control devices at the John Amos and Mountaineer plants.
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