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News | News Release Contact: Andy Farmer, (804) 371-9141
For Immediate Release: March 20, 2014
Listen SCC APPROVES RATE ADJUSTMENT FOR APPALACHIAN POWER

RICHMOND — The State Corporation Commission (SCC) has approved a request by Appalachian Power Company (APCo) to recover $48.6 million in increased costs associated with electric transmission services provided to the utility.

The rate adjustment, called a Transmission Rate Adjustment Clause or T-RAC on customer bills, will become effective in May. The new charge will increase the monthly bill of a residential customer using 1,000 kilowatt hours of electricity by approximately $3.88 or 3.5 percent.

In a December 18, 2013, application, APCo requested an increase of $49.9 million. Following an investigation by the Commission’s staff, the company and staff agreed to a lower revenue requirement for the transmission costs of $48.6 million.

Under Virginia law, utilities may seek SCC approval to recover, through a rate adjustment clause, certain costs for transmission services provided by a regional transmission entity.

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Case Number PUE-2013-00111