AEP unit seeks bonds to trim rates
- Details
-
22 Feb 2012
Allowing electric utilities to sell bonds to recover fuel costs may help West Virginians avoid steep rate hikes, but it might also threaten future consumers and derail the debate over energy and power generation policy, the House Finance Committee heard Friday.
A public hearing drew mixed views as lawmakers consider a bill that would give the West Virginia Public Service Commission the power to consider and approve financing bond issues.
Appalachian Power is seeking the legislation after racking up $350 million in costs from increasing coal prices.
To view this article please sign in or subscribe. 30-day free trials are available, as well as affordable individual subscriptions and site licenses for larger institutions.
