CHARLESTON, WV (LOOTPRESS) – Appalachian Power and Wheeling Power have filed an application with the Public Service Commission of West Virginia (PSC) in an effort to lessen the financial impact of a pending $250.5 million base rate increase.
The proposal, submitted on March 13, 2025, seeks to securitize certain assets, which could significantly reduce the burden on customers, according to Appalachian Power.
“When we filed our case in 2024, we committed to finding solutions to lessen the rate impact on our customers as we invest in our system to improve the quality of service we provide,” said Aaron Walker, Appalachian Power president and chief operating officer.
“Today, we are taking a major step that could reduce customer impacts by nearly 73%.”
If the PSC approves the proposal, the average increase for residential customers using 1,000 kilowatt-hours per month would drop from the originally proposed $23.74 to $6.72.
“We understand that affordability is important to our customers, and we are working hard to find creative solutions that allow us to invest in improving the reliability of our service while minimizing the costs to our customers,” said John Scalzo, vice president of regulatory and finance.
Customers seeking more information about the proposal and available resources can visit AppalachianPower.com/WVRateReview.
Appalachian Power serves 1.1 million customers in Virginia, West Virginia, and Tennessee.
