PSC orders ApCo, Wheeling Power rate cut - WOWK 13 Charleston, Huntington WV News, Weather, Sports

PSC orders ApCo, Wheeling Power rate cut

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  • Many WV coal counties losing revenue

    Many WV coal counties losing revenue

    Monday, August 8 2016 10:15 AM EDT2016-08-08 14:15:05 GMT

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

Customers of Appalachian Power Co. and Wheeling Power Co. in West Virginia will see their power bills go down starting Sept. 1 following an order issued Aug. 30 by the Public Service Commission.

The PSC issue the order reducing the expanded net energy cost (ENEC) rates for Appalachian Power and Wheeling Power customers by more than $50 million. A typical residential customer using 1,000 kWh of electricity per month will experience a decrease on their monthly bill of approximately $3, according to the PSC.

In an ENEC case, customer rates are adjusted to reflect only projected changes in the utility's cost of fuel and purchased power, specified environmental compliance and construction costs, and to true-up recovery of actual ENEC costs for the previous period. The ENEC process does not involve the recovery of profit or rate of return on investment, according to the PSC.

Appalachian Power and Wheeling Power serve approximately 478,500 customers in Boone, Cabell, Clay, Fayette, Greenbrier, Jackson, Kanawha, Lincoln, Logan, Marshall, Mason, McDowell, Mercer, Mingo, Monroe, Nicholas, Ohio, Putnam, Raleigh, Roane, Summers, Wayne, and Wyoming counties.

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