West Virginia, facing big rate hike, puts pressure on aEP to cut top executives’ salaries

摘要

The majority leader of the West Virginia Senate asked regu-nlators to inform American Electric Power that no rate increases nwill be approved until executive salaries and benefits are nbrought into line.nAppalachian Power, AEP’s subsidiary in the state, in May nrequested a $155 million or 17% base rate increase. The Public nService Commission also has a settlement pending regarding nApCo fuel costs, purchase power charges and environmental nexpenses that would raise rates 7.4%. “If you approve both requested rate hikes, residential electric bills will have increased n70% in the last four years,” Majority Leader Truman Chafin, a nDemocrat, said in a letter sent earlier this month to the PSC.