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flag West Virginia PSC approves $76.1M rate increase for power companies, but bills won't rise.

flag The West Virginia Public Service Commission (PSC) approved a $76.1 million rate increase for Appalachian Power and Wheeling Power but assured customers their bills will stay the same. flag The companies initially sought a $250.5 million increase, asking for a 14.6% hike. flag The PSC will approve a securitization plan, which will spread the cost of expenses over time without raising current rates.

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