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APCo files for new rate increase

ROANOKE – Appalachian Power today filed for rate changes to address increased generation and environmental costs. If approved by the Virginia State Corporation Commission (SCC), the changes would equate to an increase of about 1.5 percent above today’s residential electric rate in Virginia and will take effect early next year.

In two filings with the SCC, Appalachian proposes updating Rate Adjustment Clauses (RACs) that recover specific costs, such as environmental and generation costs, for a specified time. Recently RACs capturing historic costs expired, or lagged in recovering actual expenses, and they are being updated with RACs that capture more current and future expenses. While the company is seeking an increase of about 4 percent in the filings, that percentage increase will be largely offset as existing surcharges expire.

“Beginning in April customers will see a decrease in rates for several months before they return to near current levels in early 2014,” said Charles Patton, Appalachian Power president and chief operating officer.

Currently, a customer using 1,000 kilowatt-hours (kWh) a month pays 11.22 cents per kWh, excluding taxes. In April that rate will fall to 10.98 cents per kWh when an environmental RAC expires. If the SCC approves the company’s requests, the rate will go back up to 11.39 cents per kWh early next year.

Appalachian Power has 1 million customers in Virginia, West Virginia and Tennessee (as AEP Appalachian Power). It is a unit of American Electric Power, one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states.

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5 Responses to APCo files for new rate increase

  1. Sherrill VanDyke

    March 29, 2013 at 1:11 pm

    They need to prove that there has been an increase in those expenses. They need have paper work to prove this, insstead of word of mouth. Then the public must have the right to exsmine all document and not what the State Corp. Comm Sayes. The tate Corp. big part of the problem. They are supposed to protect the cosummer not App. Power Ca.

  2. Melissa

    March 29, 2013 at 3:30 pm

    ROB us again!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!…..These people have the monopoly, they can do whatever they want…..What the heck ever…….

  3. Ed Ricci

    March 30, 2013 at 10:55 am

    What are their quarterly earnings? They make money yet they are always blaming the environmental rules or some winter snowfall. I believe it is their responsibility to keep generation going. Many, Many customers have come on line in my 30 years of living in the nrv. New customers, new income. Its never enough for the powers that be and they know we, as consumers, need to have electricity. Guess thet got us!! My big issue is who does the SCC represent??

  4. Andrew Cocke

    March 31, 2013 at 4:46 pm

    Well surprise surprise. Yeah, it’s been a few months since we’ve heard anything out of AEP. There is no need in even complaining about it anymore, they’ve won. They are in bed with the state, and by now everyone should know that. People need to wake up and realize our government has failed, we need a 1776 all over again!

    Not so much to regulate power, but to allow us, the little peasants to build our own generation utilities right in our own back yard, and I mean, household solar, wind, geothermal, what ever it available. Current building codes, local ordinances, and other “laws” prohibit such innovation. So we burn coal.

    Don’t think so? I bet if I cut my house off from the grid and built my own wind plant and solar panels in my own back yard, I’d get a friendly visit from county code enforcement requiring me to tear it down.

    Land of the free indeed. WAKE UP! It’s us against them! We do not have a government of the people, for the people, we have a government of corporation, for corporations! And that includes everyone from the towns to the feds.

  5. Susan Hamby

    April 1, 2013 at 3:28 am

    They wait till all these BAD storms have hit & then give a rate increase cuz they need $ 2 fix all the storm damamge! They shooda cleaned out the trees b4 the storms hit…ie….big trees around poles & wires!

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