Get out your wallet... again! Tomorrow your electric rates are going up again if you're an Allegheny Power customer.
Lately, rates have gone up every six months, and those are only the rate increases approved by the WV Public Service Commission and does not include the recovery of PATH, TrAIL, Susquehanna-Roseland and MAPP project costs and power company profits that happen every January.
Rate increases are happening with increasing frequency. Why?
Paul Evanson, Allegheny Energy CEO, Q1 2010 Allegheny Energy Earnings Call:
"...we reported that adjusted earnings excluding cost related to our proposed merger with FirstEnergy and unrealized losses on hedges were $103 million or $0.61 per share."
Lately, rates have gone up every six months, and those are only the rate increases approved by the WV Public Service Commission and does not include the recovery of PATH, TrAIL, Susquehanna-Roseland and MAPP project costs and power company profits that happen every January.
Rate increases are happening with increasing frequency. Why?
Paul Evanson, Allegheny Energy CEO, Q1 2010 Allegheny Energy Earnings Call:
"...we reported that adjusted earnings excluding cost related to our proposed merger with FirstEnergy and unrealized losses on hedges were $103 million or $0.61 per share."
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