State denies rate increase to Appalachian Power
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ASSOCIATED PRESS
Published: May 29, 2008
RICHMOND — Appalachian Power Co. won’t be able to recover construction costs for a new coal-fired power plant in West Virginia from its Virginia customers.
The State Corporation Commission on Thursday issued a statement saying it had denied APCo’s request that it reconsider its earlier rejection of the rate increase.
The West Virginia Public Service Commission in March approved the 629-megawatt plant in Mason County that will use clean-coal technology. The utility estimated the plant will cost $2.23 billion, of which $1 billion would have been allocated to Virginia customers.
Virginia’s SCC has said the plant’s estimated price dates back to November 2006, and isn’t credible.
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Posted by ( hogtown gal ) on June 01, 2008 at 9:48 pm
GOOD JOB SCC!!! Why should people in VA pay for new plant in W VA? Whenever SCC denies APCO a rate increase, which they are already billing us for, APCO files for 2 more rate increases and starts billing us for them. It is a game with APCO. They would not need so many rate increases if they did not pay such big CEO and other unneeded salaries. Their service and rates were much better before AMERICAN POWER bought them out, thanks to Bush and our Repug policies regarding deregulation. Deregulation was supposed to save consumers money by opening the area for competition. There is no competition in this area and it has costs us MORE.
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