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West Virginia PSC approves $76.1M rate increase for power companies, but bills won't rise.
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.
The companies initially sought a $250.5 million increase, asking for a 14.6% hike.
The PSC will approve a securitization plan, which will spread the cost of expenses over time without raising current rates.
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El PSC de Virginia Occidental aprueba un aumento de tarifas de $76.1 millones para las compañías eléctricas, pero las facturas no aumentarán.