AEP

Regulators reject AEP rate plan; process will start all over again

Small businesses, churches, others had objected to big increase in bills

PUCO said it has ordered AEP to return its rates to levels similar to those in place in December 2011.

COLUMBUS — “The Public Utilities Commission of Ohio  today  rejected American Electric Power’s rate plan for Ohio, which it approved in December, and will start all over.

…In a news release, the PUCO said it has ordered AEP to return its rates to levels similar to those in place in December 2011, where they will stay until a new rate plan is approved.

‘Our decision effectively hits the reset button on AEP’s electric security plan, allows us to start over from the beginning, ensure that we have a complete picture of any proposal, and balance the interests of all customers and the utility,’ Chairman Todd A. Snitchler said in a statement.”

— Dan Gearino, Columbus Dispatch

Read the whole story

Benjamin J. Marrison commentary: Records told shocking tale that PUCO hid

Columbus Dispatch

 

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