Ohio AEP customers will pay more

COLUMBUS (AP) — A typical American Electric Power customer soon will be paying $2 to $3 more per month to the help the company repay fuel costs.
Ohio regulators approved the repayment plan Wednesday. AEP will pay back $642 million fuel costs that have stacked up over the past three years.
The Columbus Dispatch reports AEP will repay the money over a seven-year schedule.
The action begins to resolve issues from the state Public Utilities Commission’s 2009 approval of a three-year rate plan.
The additional charge to customers could start as soon as next month.
AEP has about 1.5 million customers in Ohio.

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Posted by Kenton Times on August 2, 2012. Filed under State News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry