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AEP files for decrease in rates

July 23rd, 2013 9:30 am by Staff Report

AEP files for decrease in rates

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Kingsport Power, doing business in Tennessee as AEP Appalachian Power, has filed a request with Tennessee regulators under its existing tariff to pass through to retail customers a decrease in transmission costs.

The company is requesting an overall decrease of about 1.3 percent in electric rates effective Sept. 1.

Appalachian Power Company provides Kingsport Power with transmission and generation services under a federally approved Interconnection Agreement. The Tennessee utility owns no power plants and purchases all of its power from APCo at wholesale rates regulated by the Federal Energy Regulatory Commission.

Based on the filing, a Kingsport residential customer using 1,000 kilowatt-hours in a month can expect a bill of approximately $87.71, a decrease of $1.16 per month.

The company serves approximately 47,000 customers in East Tennessee.

Customers who have questions about their bill can contact the company on-line at www.appalachianpower.com or by phone at 1-800-967-4237.

Appalachian Power provides electricity to 1 million customers in Virginia, West Virginia and Tennessee (as AEP Appalachian Power). It is a unit of American Electric Power, one of the largest electric utilities in the United States, with more than 5 million customers in 11 states.

AEP ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.

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