Appalachian Power Filing Aimed at Reducing Consumer Power Bills

Appalachian Power filing aimed at reducing consumer power bills

APCo’s securitization petition aims to save customers money compared to recovering costs through traditional rate mechanisms, according to a written statement.

Appalachian Power says new financing method will save customers money

Appalachian Power on Thursday said it plans to save customers money by using a newly allowed method of financing to recover costs associated with recent storms and balances on two coal power plants. This method, called securitization, packages large expenses into bonds that are sold to investors. By using favorable interest rates and a longer payoff period, securitization costs less than traditional methods of recovering expenses from customers,…

Appalachian Power files to lessen the financial impacts on Virginia customers

ROANOKE – Appalachian Power Company (APCo) Thursday took a major step towards reducing customer bills. In an application filed with the Virginia State Corporation Commission (SCC), APCo is requesting approval to securitize certain company assets to minimize future financial impacts to customers.   APCo’s securitization petition aims to save customers […]