Ohio AEP customers will pay more

COLUMBUS (AP) — A typical American Electric Power customer soon will be paying $2 to $3 more per month to the help the company repay fuel costs.
Ohio regulators approved the repayment plan Wednesday. AEP will pay back $642 million fuel costs that have stacked up over the past three years.
The Columbus Dispatch reports AEP will repay the money over a seven-year schedule.
The action begins to resolve issues from the state Public Utilities Commission’s 2009 approval of a three-year rate plan.
The additional charge to customers could start as soon as next month.
AEP has about 1.5 million customers in Ohio.

Posted by Daily Chief on August 2, 2012. Filed under State News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry