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AEP gets nod to recover derecho costs from customers

 
AEP gets nod to recover derecho costs from customers
Posted Thursday, April 3rd 2014 @ 9am  by The Associated Press

COLUMBUS, Ohio (AP) --Ohio regulators have decided American Electric Power customers will be charged a bit more over the next year to pay for over $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.

 

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