Appalachian Power asks for 3rd rate hike

APCO claims if approved, the rate hike would equal an increase of 55 cents per day for the average customer

By: Jay Warren | WSLS 10
Published: July 15, 2009

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I'll have what APCO had to say to some tough questioned I posed about the cost of these rate hikes to people, tonight on WSLS at 6:00 p.m.

3:55 p.m.

Appalachian Power is asking the State Corporation Commission to allow the power company to increases its rates for a third time this year.

At a news conference in Roanoke Wednesday afternoon, APCO president Dana Waldo said if approved, the higher rate would cost the "average customer" about 55 cents more per day, and would equal a roughly 19% increase.

That adds up to about $15 more per month, and $170 more per year on the "average customer's" electric bill.

Waldo said that APCO's rates on an inflation adjusted basis are lower than they were in 1983.

This new rate hike request is in additional to APCO's requests for a fuel rate hike, as well as hike in APCO's environmental and reliability surcharge.