Yesterday’s Charleston Gazette included a story by Megan Workman about new rate increases that will hit APCo rate payers in the next year or so. APCo CEO Charles Patton stated that the company will soon be applying to the WV PSC to recover from rate payers $71 million for repairs from the summer 2013 derecho storm and $27 million from Hurricane Sandy.
Last year, the WV PSC refused to consider using new technologies to protect WV rate payers from future distribution system collapses. The result is continuing rate increases for the foreseeable future.
As both of WV’s Ohio-based power holding companies try to unload obsolete coal-fired power plants and their obsolete infrastructure becomes more and more brittle, costs of electricity will continue to rise at record rates. This is the new world of WV electricity.