Mountain Messenger
  • News
    • Local News
    • Courthouse
      • Civil Suits
      • Deeds
      • Marriages
      • Public Meetings
      • Reunions
    • Club News
    • Education
    • Business News
    • Entertainment
    • Sports News
  • Spiritual
    • Parabola
    • Southern Baptist
    • Transcendental Meditation
    • Diocese of Wheeling-Charleston
    • Church Bulletin
  • Obituaries
  • Columns
    • A Look Back
    • Dear Recycle Lady
    • Between The Lines
    • Letters to the Editor
  • eMessenger
  • Special Publications
    • Properties and Lifestyles
    • State Fair Guide
  • Login
  • My Account
  • Contact Us
  • State News
  • National News
  • Classifieds
  • Legals
Subscribe For $2.50/Month
No Result
View All Result
Mountain Messenger
  • News
    • Local News
    • Courthouse
      • Civil Suits
      • Deeds
      • Marriages
      • Public Meetings
      • Reunions
    • Club News
    • Education
    • Business News
    • Entertainment
    • Sports News
  • Spiritual
    • Parabola
    • Southern Baptist
    • Transcendental Meditation
    • Diocese of Wheeling-Charleston
    • Church Bulletin
  • Obituaries
  • Columns
    • A Look Back
    • Dear Recycle Lady
    • Between The Lines
    • Letters to the Editor
  • eMessenger
  • Special Publications
    • Properties and Lifestyles
    • State Fair Guide
No Result
View All Result
Mountain Messenger
No Result
View All Result
  • National News
  • WV State News
  • VA State News
  • Contact Us
Home Categories Business News

PSC approves settlement agreement for Appalachian Power, Wheeling Power

July 29, 2016
in Business News
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter

In an order issued last week, the Public Service Commission (PSC) of West Virginiaapproved a settlement agreement in the Appalachian Power and Wheeling Power Expanded Net Energy Cost (ENEC)case.
New rates go into effect July 1, and also include part of a base rate case increase approved last year by the PSC but not yet put in rates. Overallrates for Appalachian and Wheeling residential customers in West Virginia will increase about 10 percentandthen remain stablefor at least two years.
Rates for West Virginia residential customers will increase approximately one cent per kilowatt-hour (kWh) or from 11¢/kWh to 12¢/kWh. The increase for other customer classes, like commercial or industrial customers, will vary. The increase brings Appalachian’s rates to about the national average of 12.26¢/kWh.
Residential Customer Usage and Costs
Usage in kWh Current Rate New Rate Increase % Increase
1,000 $109.82 $120.93 $11.11 10%
2,000 $205.59 $227.81 $22.22 11%
The agreement provides for a $55 million increase in the companies’ revenues, which includes a $17 million construction surcharge designed to recover costs for construction of transmission facilities and the cost of converting the Clinch River Plant from a coal-fired to a natural-gas fired plant.
“All the parties to this case – the PSC Staff, the Consumer Advocate Division and the West Virginia Energy Users Group – worked very hard to reach a compromise that would minimize the impact on customers and still allow the company to recover its costs,” said Charles Patton, Appalachian Power president and COO.
The settlement agreement spreads the recovery of past ENEC costs over two years instead of just one, which reduces the amount of the increase. The ENEC is designed to reimburse past and ongoing costs of fuel (primarily coal) and purchased power. It is a dollar-for-dollar pass through expense that includes no profit for the companies and is adjusted up or down annually.
As part of the agreement, the companies agreed not to request a change in ENEC rates in 2017. The companies also agreed not to file a general rate case before Apr. 1, 2018. Thus, rates for Appalachian and Wheeling customers in West Virginia will remain stable at least until July 1, 2018.

 

ShareTweetPin
Previous Post

Value-Added Producers Grant applications deadline extended

Next Post

Mountain Messenger employees to assist with flood relief

Join Our Newsletter

  • News
  • Spiritual
  • Obituaries
  • Columns
  • eMessenger
  • Special Publications

© 2022 Mountain Media, LLC

  • Login
  • Sign Up
  • Cart
No Result
View All Result
  • eMessenger
  • Local News
  • Courthouse
  • A Look Back
  • Business News
  • Church News
  • Club News
  • Sports News
  • Entertainment
  • Obituaries
  • Opinions
  • Special Publications
  • Contact Us
  • My Account
  • Subscribe | Digital & Newspaper

© 2022 Mountain Media, LLC

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Thank you for supporting local journalism. Please enjoy two free articles per month.

Subscribe Or Login For Full Access

Forgot your password?

Lost your password? Please enter your email address. You will receive mail with link to set new password.

Back to login