June 27, 2008
Power rates going up July 1
Appalachian Power and Wheeling Power customers are going to see their rates increase Tuesday, but not nearly as much as anticipated.
The West Virginia Public Service Commission approved an 11.35 percent increase for the power companies on Thursday. This will net the utilities $106 million.
Residential customers using 1,000 kilowatt-hours a month would see their monthly bills increase $7.33, from $64.55 to $72.28.
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I wonder how much of this increase is really going towards the new transmission line exporting power to other states?