Appalachian Power, Wheeling Power settle in West Virginia ENEC case

Appalachian Power and Wheeling Power, together with the Public Service Commission of West Virginia (PSC) Staff, the PSC Consumer Advocate Division and multiple industrial customers, filed a settlement agreement seeking the commission’s approval in the companies’ Expanded Net Energy Cost case.

The ENEC is designed to reimburse the company for past and ongoing fuel costs (primarily coal) and purchased power. The settlement agreement would result in a rate decrease for customers.

The agreement reflects adjustments in fuel costs and purchased power, as well as some construction costs. If the PSC approves the settlement agreement, rates for West Virginia residential customers will decrease about 3 percent. Rates have not increased since mid-2011.

The PSC issued a procedural order setting a hearing on the stipulation for Aug. 28. If approved by the commission, the settlement would be effective September 1, 2013. Also as part of the settlement, the companies agreed to file a base rate case no later than June 30, 2014.

Appalachian’s proposed rate of 9.4 cents per kilowatt-hour in West Virginia is below the national average residential price for electricity of 11.9 cents per kWh.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs