PSC orders ApCo, Wheeling Power rate cut - Beckley, Bluefield & Lewisburg News, Weather, Sports

PSC orders ApCo, Wheeling Power rate cut

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Customers of Appalachian Power Co. and Wheeling Power Co. in West Virginia will see their power bills go down starting Sept. 1 following an order issued Aug. 30 by the Public Service Commission.

The PSC issue the order reducing the expanded net energy cost (ENEC) rates for Appalachian Power and Wheeling Power customers by more than $50 million. A typical residential customer using 1,000 kWh of electricity per month will experience a decrease on their monthly bill of approximately $3, according to the PSC.

In an ENEC case, customer rates are adjusted to reflect only projected changes in the utility's cost of fuel and purchased power, specified environmental compliance and construction costs, and to true-up recovery of actual ENEC costs for the previous period. The ENEC process does not involve the recovery of profit or rate of return on investment, according to the PSC.

Appalachian Power and Wheeling Power serve approximately 478,500 customers in Boone, Cabell, Clay, Fayette, Greenbrier, Jackson, Kanawha, Lincoln, Logan, Marshall, Mason, McDowell, Mercer, Mingo, Monroe, Nicholas, Ohio, Putnam, Raleigh, Roane, Summers, Wayne, and Wyoming counties.