Good news for area electricity consumers

May 15, 2007 · Filed Under Real Estate News 

I received this email from Senator Brandon Bell earlier today-

Since this is an issue that affects nearly everyone, I want to share news with you regarding the Appalachian Power rate increase.

Today, the State Corporation Commission announced a significant reduction in APCo’s rate increase request. APCo had requested a 25.4% increase, which we consumers have been paying since October of 2006. Today’s ruling will allow APCo to increase rates by only 3%.

The new lower rates must take effect within 30 days and refunds, with interest, will be made within 90 days.

Over the past few months, hundreds of my constituents shared their concern about this rate increase with me. Hearing these concerns, I contacted the SCC and encouraged them to consider a lower rate increase. I am very pleased with this ruling.

Warmest Regards,

Brandon

This is indeed good news for all of us paying exorbitant fees for electricity.  Chalk one up for the little people!

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