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December bills reflect rate hike

RICHMOND — Appalachian Power received its final approval from the Virginia SCC for the rate design of new base rates and will implement the new rates on customer bills dated, Wednesday, Dec. 10.
The new base rate structure was approved by SCC commissioners in an order Nov. 17.
The order directed the company to have new rates in place within 30 days.
The approved rates will reduce the per kilowatt-hour cost for Virginia retail customers to below the company’s interim rates that were put into effect Oct. 28.
The difference collected between the two rates will be refunded to customers in the form of bill credits before February 17.
An interest rate, as yet to be determined, will be applied.

According to a news release, the company expects that the refunds will not be nearly as large as those distributed last year (a result of the 2006-2007 base rate case) due primarily to a shorter period in which the interim rates were in effect, less of a difference between the interim and final rates, and a smaller expected interest rate.

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December bills reflect rate hike

RICHMOND — Appalachian Power received its final approval from the Virginia SCC for the rate design of new base rates and will implement the new rates on customer bills dated, Wednesday, Dec. 10.
The new base rate structure was approved by SCC commissioners in an order Nov. 17.
The order directed the company to have new rates in place within 30 days.
The approved rates will reduce the per kilowatt-hour cost for Virginia retail customers to below the company’s interim rates that were put into effect Oct. 28.
The difference collected between the two rates will be refunded to customers in the form of bill credits before February 17.
An interest rate, as yet to be determined, will be applied.

According to a news release, the company expects that the refunds will not be nearly as large as those distributed last year (a result of the 2006-2007 base rate case) due primarily to a shorter period in which the interim rates were in effect, less of a difference between the interim and final rates, and a smaller expected interest rate.

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