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Appalachian Power explains rising bills, pending 13.3% base rate request and securitization option
Summary
Randall Short, director of regulatory services for Appalachian Power Company, told a West Virginia legislative committee that the utility’s pending base rate request would raise rates by about 13.3% but that a securitization plan could reduce the customer impact to roughly 3.5%.
CHARLESTON, W.Va. — Randall Short, director of regulatory services for Appalachian Power Company, told a legislative committee that the company’s pending base rate request seeks roughly a 13.3% increase but that a securitization proposal could reduce the net impact on customers to about 3.5%.
Short said an average residential customer using 1,000 kilowatt‑hours (kWh) a month in West Virginia currently pays about $175; of that amount he estimated roughly one‑third is the fuel component (the NEC/EEC fuel clause) and the remainder covers base‑rate items such as plants, salaries, taxes and other operating costs. He told senators the company has not had a base rate increase since 2018 and has pending testimony and hearings before the Public Service Commission that are statutorily scheduled to conclude with a decision in August.
Why it matters: the company told the committee that much of the bill increase since 2019 stems from fuel costs and that investments in reliability and environmental…
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