Last updated: March 05. 2014 9:20AM - 935 Views
By - fpace@civitasmedia.com



The annual Expanded Net Energy Cost (ENEC) is primarily made up of variable costs that fluctuate. The 2013 ENEC resulted in a 3 percent decrease. The proposed 2014 ENEC represents rates that are 1.4 percent higher than rates from the 2011 and 2012 ENEC cases, according to officials with the power companies.
The annual Expanded Net Energy Cost (ENEC) is primarily made up of variable costs that fluctuate. The 2013 ENEC resulted in a 3 percent decrease. The proposed 2014 ENEC represents rates that are 1.4 percent higher than rates from the 2011 and 2012 ENEC cases, according to officials with the power companies.
Story Tools:

Font Size:

Social Media:

CHARLESTON — Customers of Appalachian Power and Wheeling Power could see a 4.4 percent rate increase in their electric bills if a proposed rate increased in approved by the state Public Service Commission.


Appalachian Power and Wheeling Power are seeking $68 million more from customers to make up for past and ongoing fuel costs, according to a press release from Jeri H Matheney, a public relations official with Appalachian Power.


The companies filed their request with the Public Service Commission on Tuesday, March 4, 2014.


The additional money would plug a gap between the amount currently being collected and projected expenditures through the next annual filing period, according to the companies’ prepared press release.


The monthly bill for a residential customer using 1,000 kilowatt-hours per month would increase from $94 to just over $98, an increase of 4.4 percent.


The companies also are seeking approval to acquire half of the Mitchell Plant near Moundsville from AEP Generation Resources.


APCO and Wheeling Power serve about 478,500 customers in 23 West Virginia counties.


Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Madison Gas Prices provided by GasBuddy.com