AEP Ohio moves forward with electric security plan for 2015

Sponsored by

AEP Ohio, a unit of American Electric Power (AEP), filed with the Public Utilities Commission of Ohio (PUCO) its electric security plan for rate adjustments beginning in June 2015.

The company's proposal asks for continued support of its distribution infrastructure investment efforts and the opportunity to create new jobs under a skilled workforce and veteran initiative. It also outlines the expectation for market-based rates to decrease for customers who receive their power generation supply through AEP Ohio during the term of the plan.

The plan, proposed to begin on June 1, 2015 and last through May 31, 2018, was filed early in order to provide customers, auction participants and competitive retail electric service providers with advance knowledge of the company's proposed auction schedule. It is the company's intent that this information will help service providers develop more offers to benefit consumers.

The plan projects an average 9 percent decrease in rates over the three-year term of the plan for customers who receive their generation through AEP Ohio. For customers who shop for their generation supply, AEP Ohio expects rates to remain flat. For the average AEP Ohio residential customer using 1,000 kWh per month, approval of the plan would result in a decrease in a customer's total monthly bill of about $9 or 8 percent starting in June 2015. These estimates are based on current auction trends.

In its request, AEP Ohio is asking the PUCO to continue its Distribution Investment Rider (DIR) to support continued reliability improvements and to approve the development of a Sustained and Skilled Workforce Rider that will allow AEP Ohio to recover the incremental costs associated with the creation of new jobs with a focus on hiring military veterans.

The PUCO is expected to deliver an opinion and order on the company's ESP in the summer of 2014.

Sponsored by

Most Popular Articles


CURRENT MAGAZINE ISSUE

December 2013
Volume 17, Issue 10
file

Utility Products Topics

Transmission & Distribution
                       Vehicles & Accessories
Tools & Supplies   Safety
Line Construction & Maintenance   Test & Measurement

WEBCASTS

There is no current content available.

UTILITY PRODUCTS BUYERS' GUIDE

POWER INDUSTRY JOBS

Industry Company Pages

Keep up-to-date with the latest news and articles from some of the prominent utility product companies and resources.

BUYER'S GUIDE PRODUCTS

Meter Socket Jumpers - Perfect for Submetering Applications

AEP’s Meter Socket Jumper offers a safe and easy means of bypassing a meter socket. The Socket Jumper can be used with either Ringless or Ring style Meters.

Meter Socket Converter

AE Product’s Meter Socket Converter (CNV) converts various Meter Forms to fit the desired application. 14S, 15S or 16S Socket to accept 2S Meter. Optional features available.

Service Disconnect Adapter with Electronic Meter Energizing

AEP’s Service Disconnect Adapter disconnects customer load but maintains power to the electronic meter. The meter maintains reading and communications links for AMR/AMI operations while only disabling the load side.