Virginia utility can start to recover fuel costs

By Associated Press
July 22, 2008 | Comments (0)

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Appalachian Power Co. has permission to begin recovering higher coal prices from customers before the State Corporation Commission hears the request, the agency announced Tuesday.

A SCC news release said the company could begin billing Virginia customers a fuel assessment of nearly 12 percent more on Sept. 1. The commission set a public hearing Sept. 23 in Richmond on the request to increase in the fuel factor from 1.418 cents per kilowatt hour to 2.255 cents.

The request is one of three rate requests in Virginia for Appalachian. The SCC will hold a hearing Sept. 17 on its request for a 2 percent increase in a surcharge for environmental and reliability costs.

A hearing is set for Oct. 29 on Appalachian's request for a 23.9 percent increase in base rates, which the company may begin collecting the day before.

The company, a unit of American Electric Power Co. Inc., has about 500,000 customers in Virginia.

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