Settlement to result in AEP rate drop
From Gazette staff reports
A major electricity provider is set to decrease electric rates for its customers following a settlement.
On Jan. 7, AEP Ohio filed an agreement at the Public Utilities Commission of Ohio (PUCO) to decrease electricity distribution rates for its customers. The settlement, which must be approved by the PUCO, would decrease distribution rates by $58.7 million overall. The average AEP Ohio residential customer using 1,000 kilowatt-hours (kWh) per month would see their electric distribution bill drop by $1.22 per month.
“AEP Ohio cares about our customers and their communities — we live in these communities, too — and we know affordability is the No. 1 issue our custome…
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