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CHARLESTON — Residential customers of Appalachian Power and Wheeling Power companies will see an increase of just over 6% after the rate increase was approved Wednesday by the Public Service Commission of West Virginia. The PSC conditionally approved a modified rate base cost tracker and surcharge for the two power companies and imposed a three-year moratorium on filing for a base rate increase. The purpose of the tracker and surcharge is to allow the companies limited cost recovery related to capital investments made between rate cases, according to the PSC. The companies originally requested $48.2 million to cover rate base increases since their last base rate case. The commission reduced that amount to $44.2 million, which will result in a 6.12% increase in the average residential customer’s monthly bill.

Kanawha countyWest virginiaUnited statesApco wpcoPublic service commission of west virginiaVirginia energy users groupKanawha county commissionVirginia legislatureConsumer advocate divisionAppalachian powerWheeling powerPublic service commissionCharlotte laneWest virginia legislatureWest virginia energy users groupகனவா கவுண்டி