Bill Targets Interim Electricity Base Rate

Summary

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A key Senate committee endorsed legislation Monday that would lead Appalachian Power Co. to suspend an interim rate charge it imposed in December, and killed a measure that would have put the utility under more rigid regulation and limited its ability to increase rates.

The vote by the Senate Commerce and Labor Committee advanced a compromise agreed to by Appalachian, which has been under fire from customers and state lawmakers over recent dramatic increases in electric bills. The deal will provide some short-term relief to Appalachian customers, as well as enable the company to avoid some of the tougher measures proposed by legislators in the company's service area.

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Extract

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Bill Targets Interim Electricity Base Rate

Critics of the compromise legislation (Senate Bill 680) said it won't provide significant relief to homeowners and businesses struggl...

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