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Interim rate hike goes into effect

Appalachian Power implemented an interim increase in the base rates for its Virginia retail customers on Tuesday.
The revised rates are prorated and will apply to customer purchase of electricity beginning yesterday.
Appalachian estimates the interim rates will increase the monthly bill paid by a residential customer for 1,000 kilowatt-hours of electricity from the current amount of $77.42 to $93.95.
In order to recover increased operating expenses and expenditures for mandatory environmental compliance, Appalachian Power filed a request in May with the Virginia State Corporation Commission (SCC) seeking approval of a $207.9 million increase in base rates.
The State Corporation Commission established a schedule for the case and agreed that the rates could be implemented on an interim basis beginning Oct. 28.
State law allows interim rates to be collected by regulated utilities subject to refund pending a final order by the State Corporation Commission.
A hearing on the case begins today at the Commission’s Tyler Building in Richmond.
Appalachian Power requested a general base rate increase for Virginia in 2006 and implemented interim rates later that year.
The State Corporation Commission approved a lower final rate in mid-2007, and the company refunded the collected differences to customers in addition to interest of about eight percent.

Appalachian Power Customers are urged to manage their energy use wisely and to visit the company’s new website at www.wattwhyandhow.com for energy-saving tips and a free home energy calculator that can help explain how they use power and how they can conserve it.
The site also provides information on payment options available to customers.
Appalachian Power customers who recognize that they may have bill problems or may be unable to pay a full amount should contact the company online at www.appalachianpower.com or by phone at 1-800-956-4237.

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Interim rate hike goes into effect

Appalachian Power implemented an interim increase in the base rates for its Virginia retail customers on Tuesday.
The revised rates are prorated and will apply to customer purchase of electricity beginning yesterday.
Appalachian estimates the interim rates will increase the monthly bill paid by a residential customer for 1,000 kilowatt-hours of electricity from the current amount of $77.42 to $93.95.
In order to recover increased operating expenses and expenditures for mandatory environmental compliance, Appalachian Power filed a request in May with the Virginia State Corporation Commission (SCC) seeking approval of a $207.9 million increase in base rates.
The State Corporation Commission established a schedule for the case and agreed that the rates could be implemented on an interim basis beginning Oct. 28.
State law allows interim rates to be collected by regulated utilities subject to refund pending a final order by the State Corporation Commission.
A hearing on the case begins today at the Commission’s Tyler Building in Richmond.
Appalachian Power requested a general base rate increase for Virginia in 2006 and implemented interim rates later that year.
The State Corporation Commission approved a lower final rate in mid-2007, and the company refunded the collected differences to customers in addition to interest of about eight percent.

Appalachian Power Customers are urged to manage their energy use wisely and to visit the company’s new website at www.wattwhyandhow.com for energy-saving tips and a free home energy calculator that can help explain how they use power and how they can conserve it.
The site also provides information on payment options available to customers.
Appalachian Power customers who recognize that they may have bill problems or may be unable to pay a full amount should contact the company online at www.appalachianpower.com or by phone at 1-800-956-4237.

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