CHARLESTON, W.Va., March 13, 2025 – Appalachian Power and Wheeling Power filed an application today with the Public Service Commission of West Virginia (PSC) to securitize certain assets to reduce the impact of the companies’ pending $250.5 million base case revenue increase.
“When we filed our case in 2024, we committed to finding solutions to lessen the rate impact on our customers as we invest in our system to improve the quality of service we provide,” said Aaron Walker, Appalachian Power president & chief operating officer. “Today, we are taking a major step that could reduce customer impacts by nearly 73%.”
If accepted by the PSC, securitization could result in a $6.72 average increase, down from the original filing’s $23.74, for a residential customer using 1,000 kilowatt-hours per month.
“We understand that affordability is important to our customers, and we are working hard to find creative solutions that allow us to invest in improving the reliability of our service while minimizing the costs to our customers,” said John Scalzo, vice president of regulatory and finance.
For more information on the companies’ proposals and resources available for customers impacted by rising energy costs, visit AppalchianPower.com/WVRateReview.