Appalachian Power, Wheeling Power seek rate hike

Published on NewsOK Modified: July 1, 2014 at 2:06 am •  Published: July 1, 2014
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CHARLESTON, W.Va. (AP) — Appalachian Power and Wheeling Power are seeking a 17 percent rate increase from their West Virginia customers.

The American Electric Power subsidiaries filed their request with the Public Service Commission on Monday. The proposal would increase the utilities' revenue by $226 million.

Appalachian Power says the increase is needed to recover rising costs of maintaining and improving distribution and transmission lines as well as generating plants. Rates have not increased for West Virginia customers since 2011.

Appalachian Power serves about 1 million customers in Virginia, West Virginia and Tennessee. Wheeling Power provides electricity to customers primarily in Marshall and Ohio counties.