AEP / Energy

AEP rate increase would exceed level allowed by state

COLUMBUS — “American Electric Power is asking for a rate increase that exceeds the level allowed by state law, according to a testimony released last night by the Public Utilities Commission of Ohio staff.

The staff concludes that the AEP plan would be more expensive in its first year than a rate based on market prices, which would go against a provision in state law.

The PUCO’s five-member board can decide whether to accept or reject the findings of its staff. The staff’s advice is now part of the case’s record and other participants will have chance to respond.”

— Dan Gearino, Columbus Dispatch

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