Appalachian Power has reached an agreement on a proposed rate increase.
If approved, the increase would add an average of $16 to each monthly bill of a residential customer (defined as using 1,000 kilowatts per month).
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Prior to the agreement, AEP asked the State Corporation Commission to approve a rate increase that would add $25 to monthly bills.
If approved, the increase would take effect in January.
The deal would increase AEP’s annual revenue by $127.3 million.
You can view the full stipulation below.
AEP Stipulation by WSLS on Scribd