Va. SCC Approves Revised Fuel Factor for Appalachian Power Company Including Two-Year Mitigation Proposal
March 07, 2023
March 07, 2023
RICHMOND, Virginia, March 7 -- The Virginia State Corporation Commission issued the following news release:
The State Corporation Commission (SCC) approved a revised fuel rate for customers of Appalachian Power Company (APCo) that includes a mitigation proposal that would spread the recovery of its $361,411,867 deferred fuel balance over two years. The fuel rate increase has been in effect on an interim basis, subject to further modification, since November 1, 2022, and no additiona . . .
The State Corporation Commission (SCC) approved a revised fuel rate for customers of Appalachian Power Company (APCo) that includes a mitigation proposal that would spread the recovery of its $361,411,867 deferred fuel balance over two years. The fuel rate increase has been in effect on an interim basis, subject to further modification, since November 1, 2022, and no additiona . . .