Bluefield Daily Telegraph
CHARLESTON, W.Va. — Appalachian Power, along with Wheeling Power, refiled a base rate review application Friday with the Public Service Commission of West Virginia for its non-fuel base rates which would increase the average monthly bills of residential, commercial and industrial customers.
In the filing, the companies included two proposals to lessen the impact on customers and provide long-term rate stability according to a press release from Appalachian Power.
Under traditional recovery methods, the companies have requested to increase annual revenues by approximately $250.5 million, or 14.12 percent. A residential customer using 1,000 kilowatt-hours (kWh) a month would see a net increase in their monthly bill of approximately 13.54%, or $23.74.
As an alternative, the companies propose using securitization to mitigate the impact of their request, resulting in an overall monthly bill increase of approximately 3.8%, or $6.72, for a residential customer using 1,000 kWh, Appalachian officials said. The companies also proposed a new Electricity Rate Stabilization (ERS) mechanism to provide stability in future rate cases and limit the frequency of rate adjustments.
