Rate Hike Could Be Coming for AEP Customers
Electricity customers may see higher bills in the coming months. American Electric Power wants the state Public Service Commission to approve a 17 percent rate increase to recover costs related to the 2012 Derecho and then Superstorm Sandy. Under the rate hike, the average customer that uses 1,000 kilowatt-hours a month would see their monthly bill go from $94 to $116. Kanawha County Commission President Kent Carper issued a statement saying nobody likes a rate increase, but Appalachian Power has brought in extra resources to restore power quickly after storms. The company's tree trimming program cost millions of dollars to ensure that trees are away from the lines to reduce power outages in future storms. And the power company says it will work with customers on payment arrangements for those who need it.