The State Corporation Commission said Monday it had reduced the company’s request by more than $97 million. It approved an increase of $129.5 million to recover fuel costs from July through August 2010.
The SCC says a residential customer using 1,000 kilowatt hours a month will pay about $7.16 more. Under the company’s proposal, the bill have been $12.21 a month higher, or 13 percent.
Appalachian spokesman Todd Burns says the company had asked the SCC to approve only $165 million of the full amount it said it could recover in fuel costs.
The utility has three other rate increase requests pending.