AEP may lower rates to follow court order | The Columbus Dispatch

Full story: Columbus Dispatch

American Electric Power has until Wednesday to tell state regulators how it will comply with an Ohio Supreme Court ruling that said several of the utilitya s charges were unlawful, a process that will likely lead to savings for customers.

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Lolita Shih Tzu

Columbus, OH

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#2
May 5, 2011
 

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Thieves! Always taking advantage of the consumers!
Too_late

Marion, OH

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#3
May 5, 2011
 

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Gas/oil.
Electric.
Etc.
Spin it any way you want.
They are monopolies!
No accountibility.
Money-hungry groups who bilk the masses.
Stop "groups" like these from screwing the people and I'd be willing to bet my life that our slumping economy WOULD explode...for the better!!!
common sense

United States

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#4
May 5, 2011
 

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Too_late wrote:
Gas/oil.
Electric.
Etc.
Spin it any way you want.
They are monopolies!
No accountibility.
Money-hungry groups who bilk the masses.
Stop "groups" like these from screwing the people and I'd be willing to bet my life that our slumping economy WOULD explode...for the better!!!
You're clueless.
Oil and gas companies do not have a monopoly. Look at any intersection in Columbus, how many gas stations do you see? Plenty of stations competing for your gas $$$. Whether they are colliding on price is a different matter. Whether they are gouging customers is a matter of opinion. But that's a completely different issue than 1 or 2 companies controlling the market.

Utilities do not have a monopoly either. The industry is highly regulated. That, combined with the high cost of entry limit the competition. If you want deregulated utilities, be careful what you wish for, and prepare for your rates to sky rocket.
No BS

Columbus, OH

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#5
May 5, 2011
 

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The average household does not use anywhere near 750 megawatt hours per month. Get your facts straight! I'm hoping you meant to print kilowatt hours.
These people aint right

Westerville, OH

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#6
May 5, 2011
 
" (The dollar figure is based on 750 megawatt-hours of electricity usage)."

That number is wrong I am not running an auto plant in my house. Who does the fact check on these articles?
Ohioan

Columbus, OH

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#7
May 5, 2011
 

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I love how if it is the state government (school funding) or an major corporation (AEP here) then they 'may' follow the order of the supreme court of the state of ohio....but should ANYONE else claim they 'might' obey the court...guess what happens to them!
Enough already

Columbus, OH

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#8
May 5, 2011
 
Frigging bloodsuckers! They can't even run their budget plan efficiently, charging customers anywhere from $1 to $100 in various months of the plan. Then try calling customer service and you get a snippy response.
Yesu Christhu

Columbus, OH

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#9
May 5, 2011
 

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common sense wrote:
<quoted text>
You're clueless.
Oil and gas companies do not have a monopoly. Look at any intersection in Columbus, how many gas stations do you see? Plenty of stations competing for your gas $$$. Whether they are colliding on price is a different matter. Whether they are gouging customers is a matter of opinion. But that's a completely different issue than 1 or 2 companies controlling the market.
Utilities do not have a monopoly either. The industry is highly regulated. That, combined with the high cost of entry limit the competition. If you want deregulated utilities, be careful what you wish for, and prepare for your rates to sky rocket.
Utility companies are by definition natural monopolies. Look at the the lousy service we receive from AEP while they make a ton of profit and pay their executives outragous salaries. The have us over a barrel. The only protection we have is regulation. What regulation we have, however, is not strong enough otherwise they would not be getting away with so much.
Lee

Elkview, WV

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#10
May 5, 2011
 

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Puco & Aep.....a match made in hell for the consumer

Greed & Fraud & Politics
Dude

Columbus, OH

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#11
May 5, 2011
 

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common sense wrote:
<quoted text>
You're clueless.
Oil and gas companies do not have a monopoly. Look at any intersection in Columbus, how many gas stations do you see? Plenty of stations competing for your gas $$$. Whether they are colliding on price is a different matter. Whether they are gouging customers is a matter of opinion. But that's a completely different issue than 1 or 2 companies controlling the market.
Utilities do not have a monopoly either. The industry is highly regulated. That, combined with the high cost of entry limit the competition. If you want deregulated utilities, be careful what you wish for, and prepare for your rates to sky rocket.
It's the same oil companies that supply the gas to those different stations, Einstein.
Rupert

Dayton, OH

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#12
May 5, 2011
 

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Yesu Christhu wrote:
<quoted text>
Utility companies are by definition natural monopolies. Look at the the lousy service we receive from AEP while they make a ton of profit and pay their executives outragous salaries. The have us over a barrel. The only protection we have is regulation. What regulation we have, however, is not strong enough otherwise they would not be getting away with so much.
I wonder, if they instead paid their exec's nothing, zero, nada how much of an impact it would have on your monthly utility bill. I would venture to guess around a 1% decrease per month. These are multi billion dollar companies, I understand paying execs millions seems crazy but not when you look at the scale. On the other side, do you think a good CEO could possibly do things to create a savings for their customers / company by implementing intitives that lower costs? That one's a no braier...
And as a side note, Ohio in general has very very low rates when compared to the national average. Why? Because we get our energy from cheap coal instead of all the other more expensive "green" options. Be careful what you wish for. If you think the 1% the exec costs you is bad, just wait until we're all using solar or wind energy to see what a real increase looks like!
GlitterSucks

Columbus, OH

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#13
May 5, 2011
 
The most glaring word in the headline is "may"
Yesu Christhu

Lancaster, OH

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#14
May 5, 2011
 

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Rupert wrote:
<quoted text>
I wonder, if they instead paid their exec's nothing, zero, nada how much of an impact it would have on your monthly utility bill. I would venture to guess around a 1% decrease per month. These are multi billion dollar companies, I understand paying execs millions seems crazy but not when you look at the scale. On the other side, do you think a good CEO could possibly do things to create a savings for their customers / company by implementing intitives that lower costs? That one's a no braier...
And as a side note, Ohio in general has very very low rates when compared to the national average. Why? Because we get our energy from cheap coal instead of all the other more expensive "green" options. Be careful what you wish for. If you think the 1% the exec costs you is bad, just wait until we're all using solar or wind energy to see what a real increase looks like!
From AEP's perspective a good CEO would not do things to "create a savings for their customers." Rather a good CEO would provide the least quality services for the most amount of profit. That's the way it works when you have a monolopy. Eliminating the excess profits together with excess pay for the top executives would mean real savings for the customers.
No way

Dublin, OH

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#15
May 5, 2011
 
No way will they lower rates. That will cut into their billions and billions of profit. They'll find some other way to make a deal that won't cost them a penny, yet will give them a reason to raise rates again.
Dan

Columbus, OH

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#16
May 5, 2011
 

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well it's nice of them to think about maybe, possibly complying with the law

it's those union thugs again...
no wait non-union can't use that rhetoric

well... guess we just have to take it because they are not going against republican wishes

Since: Apr 11

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#17
May 5, 2011
 

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Dude wrote:
<quoted text>
It's the same oil companies that supply the gas to those different stations, Einstein.
Err, I am sure Shell, BP, Exxon-Mobil, Citgo, etc. will be happy to know that they were merged into a single company while no-one was looking...

(For those who don't follow so closely, each of the 4 listed above are owned by companies based in 4 different countries...)
CollegeProf

Albany, OH

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#18
May 5, 2011
 

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The PUCO doesn't have a particularly strong record for acting on the behalf of consumers, so I don't expect much to come out of this. If the average customer gets $4 off their next bill, they will be doing lucky. I do think we'd get less malfeasance in business if CEOs -- whose value supposedly is so great that they command millions -- get personally fined if their companies do something wrong. After all, if they personally are so important that they deserve huge salaries and bonuses, then they can correspondingly take personal responsibility when the company does something wrong under their skilled leadership and under their authority.

“Bleeding Scarlet and Gray!”

Since: Sep 09

Worthington

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#19
May 5, 2011
 
Just looked at my AEP bill...the following charges appear:

Generation Service
Transmission Service
Distribution Service
Customer Charge

Anyone have any idea what each of these charges accomplish? I'm not being a jerk, I simply don't know.
Mike

Columbus, OH

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#20
May 5, 2011
 

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FLABUCK wrote:
Just looked at my AEP bill...the following charges appear:
Generation Service
Transmission Service
Distribution Service
Customer Charge
Anyone have any idea what each of these charges accomplish? I'm not being a jerk, I simply don't know.
Hope this helps:

http://www.aepohio.com/global/utilities/BillS...
Lolita Shih Tzu

Columbus, OH

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#21
May 5, 2011
 
FLABUCK wrote:
Just looked at my AEP bill...the following charges appear:
Generation Service
Transmission Service
Distribution Service
Customer Charge
Anyone have any idea what each of these charges accomplish? I'm not being a jerk, I simply don't know.
no, I have no idea what are they charging me with either!!

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