by Tyler Arnold, The Center Square | July 02, 2021 05:00 PM Print this article
Some West Virginia residents will see a 6.12% power rate increase following a decision from the West Virginia Public Service Commission.
Residents who receive electricity from Appalachian Power and Wheeling Power companies will see the new monthly surcharge on monthly bills. The commission approved the increase for the companies to recover costs related to capital investments made between rate cases.
The companies serve about 463,000 customers within 23 West Virginia counties.
“With this Order, the Commission is underscoring the need for utility companies to invest in their infrastructure while we stabilize rates and avoid frequent large base rate increases,” PSC Chair Charlotte Lane said in a statement.
PSC approves Appalachian Power surcharge request By
June 30, 2021 - 9:53 pm
CHARLESTON, W.Va. The Public Service Commission of West Virginia has approved a surcharge request from Appalachian Power, which will go into effect in September.
The utility filed a request last December to raise $49.8 million for recovering infrastructure investment costs. The commission approved a surcharge of $44.2 million, in which the average customer will see monthly bills increase by 6.12%.
The state Public Service Commission also ordered Appalachian Power to not submit any new base rate increase requests until June 30, 2024.
The Kanawha County Commission released a statement Wednesday, in which commissioners thanked the Public Service Commission for the pause.
WV PSC grants electricity bill increase for Appalachian Power, Wheeling Power companies herald-dispatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald-dispatch.com Daily Mail and Mail on Sunday newspapers.
Justice asking lawmakers to allocate $250 million in surplus funds By
June 23, 2021 - 8:05 pm
CHARLESTON, W.Va. State lawmakers will gavel into special session at 11 a.m. Thursday to consider the allocation of $250 million in state revenues to various state agencies.
The money comes from current budget year surplus funds.
Governor Jim Justice
“What we’re doing is managing the surplus,” Senate President Craig Blair, R-Berkeley, told MetroNews Wednesday.
Lawmakers allocated $150 million in surplus revenue to more than 400 highway projects in a special session earlier this month.
The fiscal year ends June 30. State law requires 50% of any budget surplus carried into the new fiscal year be put into the Rainy Day Fund. Gov. Jim Justice said last week the fund is already at record levels.