Bluefield Daily Telegraph, Bluefield, WV

Local News

July 15, 2014

Lawmaker seeks Federal Trade Commission, Department of Justice, intervention in APCO rate hike

WELCH — A local lawmaker is calling upon the Federal Trade Commission and other regulatory agencies to intervene in a 17 percent rate increase sought by Appalachian Power.

Delegate Clif Moore, D-McDowell, also is asking the Federal Energy Regulatory Commission, and the Department of Justice — should it become necessary — to investigate the entire whole sale electric market to ensure that local customers are not being improperly overcharged.

“Please be advised this correspondence respectfully transmits my utter disdain, shock and amazement with American Electric Power in their quest to seek a 17 percent increase in already unaffordable electric costs,” Moore said in a letter to the Daily Telegraph. “Neither the residents nor businesses can afford this astronomical rate increase. If granted, this increase will adversely impact businesses and jobs in our region. The many fine businesses and residents of our region must not be penalized for acts that have occurred that exceed their control.”

Appalachian Power Company announced earlier this month that it filed for a base rate increase with the Public Service Commission of West Virginia. The company is seeking a $226 million increase, which would equal a 17 percent increase on current rates for electricity. If approved, the rates would not to into effect until the end of April 2015.

 

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