Appalachian power seeks rate increase - NBC12 - WWBT - Richmond, VA News On Your Side

Appalachian power seeks rate increase

From NBC12 News

RICHMOND, VA (AP) - Virginia regulators are seeking public comment on a request by Appalachian Power to increase its electricity rates.

Appalachian Power is seeking to increase the portion of the electric bill that pays for the fuel used to generate electricity.

Under the proposal, the monthly bill of a typical residential customer would increase by about 13 percent.

An alternative proposal would result in a 9.6 percent increase through august 2010.

The remainder would be recovered after that.

The state corporation commission will hold a hearing on June 30th in Richmond to discuss the proposed increase.

(c) 2009. The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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