AEP Ohio submits new rate plan to sta...

AEP Ohio submits new rate plan to state regulators

There are 1 comment on the story from Mar 31, 2012, titled AEP Ohio submits new rate plan to state regulators. In it, reports that:

By JoANNE VIVIANO Associated Press COLUMBUS -- A rate proposal that American Electric Power Co.

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Yucca Valley, CA

#1 Apr 1, 2012
"The commission had ordered the Columbus-based utility to return its rates to levels similar to those in place in December, rates that will remain in place until a new plan is adopted. One small company had complained of an increase of about $28,000 in annual electric bills."

"We heard our customers' concerns and developed a plan that mitigates the significant rate increases affecting customers with unique usage characteristics," said Pablo Vegas, AEP Ohio's incoming president and chief operating officer."

Yeah,right, what Vegas means, is he tried to get away with it and decided to roll back the plan after he figured the next course of action would be him at the end of a rope.

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