AEP seeking rate hike for W. Va. customers
American Electric Power is asking the West Virginia Public Service Commission to approve a 17% rate increase for the company. Officials with AEP say the increase in needed to help recover costs from restoring service from Superstorm Sandy in 2013. The rate hike also includes costs for cutting back trees and bushes along right-of-ways. The proposed rate hike would raise 226 million. If approved, an AEP customer in West Virginia who uses 1,000 kilo-watt hours a month would see their monthly bill go from $ 94.00 to $ 116.00. AEP officials say they have not raised rated in West Virginia since 2011.