According to a Charleston Gazette article, Appalachian Power and Wheeling Power have asked the West Virginia Public Service Commission for a rate increase of 4.4 percent. The increase would go toward reimbursement of past and ongoing fuel costs, primarily coal, and purchased power.
Interesting enough, the U.S. Energy Information Administration report from March 2014 indicates that nationwide, nominal annual average coal prices to the electric power industry actually fell for the second consecutive year, from $2.38/MMBtu in 2012 to $2.35/MMBtu in 2013.
The two power companies serve about 478k customers in 23 West Virginia counties.
No comments:
Post a Comment