Proposed rate increase by Appalachian Power to be offset by credits

Proposed rate increase by Appalachian Power to be offset by credits

Appalachian Power Co. is proposing an increase to what it charges customers for its fuel, but in a way it says will not result in higher electricity bills.

If the State Corporation Commission approves the utility’s request, average residential customers using 1,000 kilowatt-hours a month would see a $3.78 jump in the fuel rate portion of their bills.

However, that increase would be offset by Appalachian’s plan to credit customers on an accelerated basis for the reduction in corporate taxes it will be paying as a result of a sweeping tax cut passed by Congress in December and signed by President Donald Trump, according to documents filed with the SCC.

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