APPALACHIAN MAKES ANNUAL FILINGS
TO ADJUST FUEL AND ENVIRONMENTAL AND RELIABILITY COST RECOVERY
ROANOKE, Va., May 15, 2009 – Appalachian Power, a subsidiary of American Electric Power (NYSE: AEP), today filed two rate increase requests with the Virginia State Corporation Commission (SCC) seeking to recover the cost of fuel and investments in equipment to meet environmental compliance requirements and improve service reliability.
Recognizing the current economic situation, the company is proposing steps to reduce the overall increase for customers. If Appalachian’s recommendations, including mitigation measures in the fuel case, are approved, the cumulative effect of both requests would be approximately a 16 percent increase in overall rates implemented in two steps by January. Average residential rates would increase closer to 13 percent.