Two WV AEP subsidiaries not seeking rate increases - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Two WV AEP subsidiaries not seeking rate increases

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According to a filing on April 1, Appalachian Power and Wheeling Power have filed the costs of changes and do not intend to raise rates for electricity consumers.

According to a news release from Appalachian Power, both subsidiaries of American Electric Power will for the second year in a row not request a rate change. The net effect of costs to the power company, including generation transfer, consumer rate relief charge payments, fuel and construction costs resulted in consumer rates remaining the same.

According to the release from Appalachian Power, if the Public Service Commission approves of the company's Expanded Net Energy Cost proposal, rates are not expected to change in 2013 or 2014. Efficiency programs reported by AEP reportedly saved the 51.2 million kilowatt hours, the equivalent of the annual usage of about 4,350 homes by Appalachian Power's estimate.

The efficiency programs, Appalachian Power stated, came in at $1 million below budget. The power company plans to use that sum to fund two year-long programs for weatherization assistance and energy efficiency rebates.

The current rate of 9.7 cents per kilowatt hour, the company points out, is below the national average residential price of electricity of 11.5 cents per kilowatt hour.