Bluefield Daily Telegraph, Bluefield, WV

Local News

July 28, 2012

PSC: American Electric Power customers will not see ENEC rate hike

BLUEFIELD — The Public Service Commission has announced that electric utility customers of Appalachian Power Company and Wheeling  Power Company will not see the annual expanded net energy cost (ENEC) rate increase this year.

“We did not ask the PSC for a (ENEC) rate increase this year,” Jeri Matheney, APCO spokesperson said. “The commission approved a request that does not effect rates. The next step is getting those securitization bonds.”

According to a PSC press release, American Electric Power “is expected to seek recovery of its deferred under-recovered ENEC costs through low cost bonds, pursuant to legislation passed by the legislature earlier this year.” The PSC stated that the anticipated securitization case as well as AEP’s case before the PSC, “including the application by Century Aluminum  for a special rate for electricity.”

Matheney said that the ENEC case is a “regular annual order,” that traditionally drives customer rates driven by the cost of fuel, certain environmental costs and construction costs. “No one will be effected by this PSC order,” Matheney said.

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