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Ohio AEP customers to pay for post-windstorm fixes



Published: Thu, April 3, 2014 @ 1:36 p.m.

COLUMBUS (AP) — Ohio regulators have decided American Electric Power customers will be charged a bit more over the next year to pay for more than $57 million in repairs after severe windstorms in summer 2012.

The Columbus Dispatch reports the Public Utilities Commission of Ohio approved a payment agreement that was opposed by consumer advocates at the Ohio Consumers’ Counsel.

The plan put together by the utility, the regulatory commission and other groups calls for funding the repairs through set monthly charges that won’t vary based on customers’ energy use. Households will pay an extra $2.34 per month, and business will owe $9.67 monthly.

The total is about $6 million less than AEP’s initial requested.

The newspaper says it is the largest storm-repair bill charged by a utility in state history.


Comments

1billdog1(1218 comments)posted 5 months, 2 weeks ago

I would think this is the cost of doing business. Instead of allowing your investors to take all the profits every qt. you need to save some for operating cost. That is what most business' do.

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2theguins(169 comments)posted 5 months, 2 weeks ago

The PUCO was created to assure Ohioans of adequate, safe and reliable public services at a fair price. Maybe you should rephrase your mission statement on your website.

How about the PUCO was created so all Ohioans get screwed by the utilities corp. when they cry they can't make enough money.

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3JoeFromHubbard(1038 comments)posted 5 months, 2 weeks ago

Severe wind storms?
Must be a result of "global warming."
Just ask Al Gore.
Apparently there is little or no type of insurance to cover these things.

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4Ytownnative(1035 comments)posted 5 months, 2 weeks ago

we have to pay a mutli billion dollar company to fix their power lines. PUCO is a waste of money

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