VA Regs Set Hearings on Appalachian Power Rates - NBC29 WVIR Charlottesville, VA News, Sports and Weather

VA Regs Set Hearings on Appalachian Power Rates

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RICHMOND, Va. (AP) - Virginia regulators have scheduled hearings on rates that Appalachian Power charges customers for generation, distribution, and transmission services.

The State Corporation Commission has set a Sept. 16 hearing in Richmond to review the electric provider's rates. Any changes would take effect in early 2015.

Appalachian Power is proposing to increase the monthly residential customer charge from $8.35 to $16. Customers pay that amount regardless of how much electricity they use. To offset the charge, the company wants to lower the base rate for each kilowatt-hour of electricity consumed.

Appalachian Power also is seeking to establish two residential energy-efficiency programs.

The company additionally is asking to lower the rate related to renewable energy. A hearing on that request is set for Aug. 26.

Appalachian Power serves about 500,000 customers in Virginia.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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