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Va regulators holding hearing on APCo rate hike

March 30, 2010
  • Va regulators holding hearing on APCo rate hike
Va regulators holding hearing on APCo rate hike

RICHMOND, Va. (AP) -- Virginia regulators are set to hear from Appalachian Power on a proposed rate increase for its customers.

The State Corporation Commission is scheduled to hold an evidentiary hearing on Tuesday to discuss the company's request for an about 12.5 percent base rate increase.

Last month, lawmakers passed a bill suspending the interim rate increase following complaints from customers in parts of the state particularly hurt by high unemployment and higher-than-expected winter heating costs.

Appalachian Power's interim rate increase had gone into effect in December.

The commission is set to rule on the rate increase by July 15.

Watch News-7 tonight for more on today's hearing.

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