Virginia regulators are hearing testimony on a proposed rate increase for Appalachian Power customers.
The State Corporation Commission on Tuesday began an evidentiary hearing in Richmond to discuss the company's request for an about 12.5 percent base rate increase. The hearing is expected to continue until at least Friday.
Appalachian Power is asking the commission for the increase based on rising costs of providing service to its customers. But company officials did acknowledge the hardships faced by its customers in parts of the state particularly hurt by high unemployment and higher-than-expected winter heating costs.
Lawmakers passed a bill last month suspending the interim rate increase following complaints.
The commission is set to rule on the rate increase by July 15.
Web Search powered by YAHOO!
|
NewsNews
Va. regulators holding hearing on APCo rate hike
By:
|
TriCities.com
Published: March 31, 2010
Published: March 31, 2010
Email
Facebook
Google
Twitter
Favorites
MoreAdvertisement
View More:
Business_Finance,
State Corporation Commission,
Virginia
Not what you're looking for? Try our quick search:
Reader Comments
*Facebook Account Required to Comment. If you are not already logged into Facebook, please click the comment button to do so.Deal of the Day
Advertisement
Most Popular
ViewedNews
- 1.Former Virginia Tech QB DeShazo arrested in prostitution sting
(
- 2.Dale Ford looking to level playing field with taxes on golf course operators
(
- 3.Chevy Volt joins state electric vehicle rebate program
(
- 4.New bill looks to make texting, e-mailing while driving a primary offense in Va.
(
- 5.N-Plex stops the unlawful sale of 5,000 boxes of pseudoephedrine in less than one month
(
Advertisement
Advertisement
Advertisement