Power companies could recover millions in costs while curtailing effects on customers
A settlement is up for approval in a big and longstanding cost recovery case for power companies. The upshot for customers of Appalachian Power and Wheeling Power is that they could be spared the sticker shock of big rate increases if the unique terms of the settlement are approved by the West Virginia Public Service Commission. “We are confident this settlement will achieve the most stable outcome and least rate impact possible for our West Virginia customers,” said Aaron Walker, Appalachian Power president and chief operating officer. “We encourage the PSC to approve ...