PUCO Sets Public Hearings On AEP’s Modified Rate Plan

CENTRAL OHIO American Electric Power customers can voice their opinions on the company’s new electric security plan during four upcoming public hearings.

AEP submitted a modified plan to raise rates to the Public Utilities Commission of Ohio (PUCO) Friday, March 30. The new plan apparently will more evenly distribute rate increases among different classes of customers.

The PUCO scheduled the following hearing times, dates and locations:

  1. Canton: 6 p.m. Thursday, April 26, Oakwood Middle School, 2300 Schneider Road, N.E., Canton
  2. Columbus: 6 p.m. Monday, April 30, Wolfe Park Shelter House, 105 Park Dr., Columbus
  3. Chillicothe: 6 p.m. Tuesday, May 1, Ohio University-Chillicothe, Bennett Hall Auditorium, 101 University Dr., Chillicothe
  4. Lima: 6 p.m. Thursday, May 3, Lima Municipal Center, City Council Chambers, 50 Town Sq., Lima

The revised plan came after an earlier plan was revoked by the PUCO in the wake of complaints from small businesses and school districts.

In a news release, AEP said the modified plan “will result in rate increases on average of approximately 5 percent for all customers, beginning in June.”

The Office of the Ohio Consumers’ Counsel (OCC) declined to support the utility’s earlier rate plan, saying it created an unrealistic shift of costs to residential customers.

The OCC continues to review the affect of AEP’s proposal on residential customers.

Generally, the OCC will advocate for rates that are reasonable for AEP residential customers and that they have effective choice in retail electric competition.

Formal comments and recommendations from the OCC are scheduled to be filed Friday, May 4, as outlined by the PUCO.

 

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