AEP / Fixed Rate Hikes

AEP proposing a rate increase for Ohio residents

AEP is proposing to increase their fixed rate from $8.40 a month to $18.40 a month. (WSYX/WTTE)

COLUMBUS — “If you’re an AEP Ohio customer, your electric bill could be going up.

The utility company is proposing to increase their fixed rate from $8.40 a month to $18.40 a month.

…The [PUCO] will decide on whether to approve or deny the company’s request and there’s a lot they have to consider, “the utility companies, the consumers, businesses that might be involved and really understand just how much something like this might impact their daily life,” explained Zachary Hoffman with the Public Utilities Commission of Ohio.

‘This would set a precedent if it were approved or denied,’ said Rachel Belz. She’s the executive director of Ohio Citizen Action.

She says people on fixed and low incomes would be impacted most, ‘some folks talk about what’s going to come out of their personal budget for their family. Some of the fixed income folks, folks who are retired or are about to retire are nervous,’ said Belz.”

— Bryant Maddrick, ABC News

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