COLUMBUS (WCMH) — AEP Ohio customers will be receiving a credit on their June bill after the energy provider settled an $84 million lawsuit.
According to AEP, a one-time bill credit will be issued to those AEP Ohio customers who purchased their generation service from AEP Ohio through its Standard Service Offer any time from August 2012 through May 2015.
Credit amounts are based on a customer’s electricity usage under the Standard Service Offer during this period. An average residential customer using 1,000 kilowatt-hours per month during this time will see an approximate $60 credit. All AEP Ohio customers, former and current, are eligible to receive this credit. Customers will not receive a bill credit for any purchases of generation service that they made from an energy marketer during this time period.
“AEP Ohio strives to provide safe and reliable electric service to our customers,” said Julie Sloat, AEP Ohio president and chief operating officer. “Thanks to the advocacy and combined efforts of the Consumers’ Counsel and others involved in the Global Settlement, we were able to reach an agreement that allows us to focus on providing an enhanced customer experience through new technologies, building a smarter grid and improving reliability.”
Customer bills that include the credit were sent beginning May 30, 2017, and will continue through the end of June 2017.
The refund to customers was agreed to as part of a major settlement that AEP Ohio, the Consumers’ Counsel and several other parties negotiated in December 2016. The settlement resolved rate issues in lawsuits and legal challenges in 14 cases.