12/18/2008

KINGSPORT POWER RECEIVES APPROVAL FOR RATE INCREASE

KINGSPORT, Tenn., Dec. 18, 2008 – Kingsport Power, doing business in Tennessee as AEP Appalachian Power, has received approval to pass through to retail customers increases in purchased power costs. It plans to have new prices in place January 1.

Monday in Nashville the Tennessee Regulatory Authority (TRA) approved the company’s increase request of approximately 24 percent.

Appalachian Power Company (APCo) filed in mid-November with the Federal Energy Regulatory Commission (FERC) seeking approval of an amended Interconnection Agreement, including new rates, between APCo and Kingsport Power. That filing was approved by FERC earlier this month.
The Tennessee utility has none of its own generation and purchases all of its power from APCo at wholesale rates regulated by FERC.

The company was also required to file notice with the TRA to recover the wholesale increase through a change in the Purchased Power Adjustment Rider. Both changes will take effect January 1. 

Bill Bosta, regulatory services director for Kingsport Power, said, “We expect the TRA to issue a written order over the next week or so and we will implement these increases with the first bills going out in 2009.”

APCo’s FERC filing called for a three-stepped wholesale increase, beginning with a $24 million increase in 2009, or about 24 percent; another $3 million in 2010, or 2 percent; and another $9 million, or 7 percent, in 2011. Those costs are then passed through to retail customers without profit to Kingsport.

Using September 2008 actual fuel costs, a Kingsport residential customer using 1000 kilowatt-hours in a month will see a bill go from about $62.68 to approximately $76.62.
 
The new rates reflect the higher costs of providing generation services due, in large measure, to increased costs associated with compliance of state and federal environmental requirements, Bosta said.

Kingsport Power last increased its base rates for electric service in 1992 during a general rate case. In the 16 years since then rates have only changed due to increases or decreases in monthly fuel costs and a 1999 one-time reduction in the costs of generation services.

Following the increase, Kingsport Power rates will remain among the lowest in the region—and the U.S. The company serves approximately 47,000 customers.

Customers are urged to manage their energy use wisely and to visit the company’s Internet site ( www.WattWhyAndHow.com) for energy-saving tips and a free home energy calculator that can help explain how to conserve electricity. The site also provides information on payment options available to customers.

Customers who recognize that they may have bill problems or may be unable to pay a full amount should contact the company on-line at www.appalachianpower.com or by phone at 1-800-967-4237 as soon as possible in order to work out payment arrangements.

Appalachian Power provides electricity to 1 million customers in Virginia, West Virginia and Tennessee (as AEP Appalachian Power). It is a unit of American Electric Power (NYSE: AEP), one of the largest electric utilities in the United States, with more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.


John Shepelwich
Corporate Communications Manager
jeshepelwich@AEP.com

More From AEP Ohio

Sign Up Now Pay Online for Free with Paperless Billing

Pay Online for Free with Paperless Billing

Learn More

You wanted a bill that is simple, clear and colorful

How We Restore Power Learn more

How We Restore Power

Find Out How Save Energy. Save Money

Save Energy. Save Money

Visit AEP.com
Use of this site constitutes acceptance of the AEP Terms and Conditions. View our Privacy Policy. © 1996-2019 American Electric Power. All Rights Reserved.

Privacy Policy

Privacy Policy for AEP Ohio, a unit of American Electric Power (AEP)

Scope

This Privacy Policy applies only to AEPOhio.com and the AEP Ohio customer mobile app (com.aep.customerapp.aepohio). Other AEP websites and apps may be governed by their own privacy policies, appropriate to the uses and needs of each. Throughout the site or app, we may provide links to resources and sites that are not part of AEPOhio.com or the AEP Ohio customer mobile app. This Privacy Policy does not apply to those resources and sites.

Consent

By using this site or app, you consent to the terms of this Privacy Policy. Whenever you submit information via this site or app, you agree to the collection, use, and disclosure of that information in accordance with this Privacy Policy.

Information Collected

  1. Passively collected information

    During your use of this site or app, we may collect anonymous information about your visit here through the use of server logs, cookies, scripts, tracking pixels and other Web traffic tracking systems. This information is aggregated and used to improve user experience through analysis of user activities. This information is never combined with any of the personally identifiable information you may provide in your use of the features of this site or app.
  2. Personally identifiable information

    On certain forms of this site or app, you may be asked to provide information about yourself or your account with us, either to identify yourself to us or to request a service from us. In each case, we will inform you what information is provided at your option and what information is required to complete the transaction or activity you are engaged in. If you are unwilling to provide this required information, you will be unable to complete the requested transaction.

Use and disclosure of information

The information you provide to us will be used to respond to requests you may make for services. Some or all of this information may be added to your permanent account record and may be used for research purposes.

In addition, we may use elements of this information in the following situations:

  1. We may transfer the information to AEP Ohio’s affiliates and subsidiaries, unless such transfer is prohibited by law;
  2. We may transfer the information as part of a merger, consolidation, acquisition, divestiture or other corporate restructuring (including bankruptcy);
  3. We may make the information available to third parties who are providing the product, service or information that you have requested (but not your password);
  4. We may make such information available to third parties who are providing services to AEP Ohio (for example, providing the information to third parties performing computer-related services for AEP Ohio);
  5. We may use the information to communicate with you about products and services that may be of interest to you.
  6. We may disclose the information if we form a good-faith belief that disclosure of such information is necessary to investigate, prevent, or take action regarding any illegal activities or regarding interference with the operation of our site or violation of its terms of use; or
  7. We may disclose the information if we believe that disclosure is required by law or regulation or in response to a subpoena or other order of a court or other governmental agency.

AEP Ohio uses Flurry Analytics Service (provided by Yahoo) in order to improve its mobile apps. Flurry’s privacy policy governs the use of this information.

Also, AEP Ohio reserves the right to share any aggregated information (i.e., non-personally identifiable information) with any third parties for any reason, unless prohibited by law.

We will not sell, rent or otherwise disclose the information we gather about you or your account to any third party, except as outlined in this Privacy Policy.

Security

AEP Ohio takes reasonable steps to protect your personally identifiable information as it is transferred to us, through the use of Web technologies such as the Secure Sockets Layer and others. However, no Internet transmission of information is ever completely secure or error-free. In particular, e-mail sent to or from AEP Ohio may not be secure.

How to Reach Us

If you would like to update your personally identifiable information or if you have questions about this privacy policy, please contact us.

Changes to This Policy

AEP Ohio reserves the right to change this Privacy Policy at any time. If this Privacy Policy changes, the revised policy will be posted to this site. Please review this Privacy Policy before you provide any personally identifiable information through this site. Use of our web site after the posting of a revised privacy policy constitutes your consent to the revised policy.

This policy was last revised on December 13, 2017.

Close ×

Sign Up For Alerts

Subscribing to AEP Ohio alerts gives you instant notification for:

  • Billing & Payments - avoid late payments and disconnection
  • Outage Updates - find out if there's an outage at your address and when power will be back on

Win an Xbox One with Alerts!

Enroll in alerts to be eligible to win. Subscribing to I&M alerts gives you instant notification for:

  • Billing & Payments - avoid late payments and disconnection
  • Outage Updates - find out if there's an outage at your address and when power will be back on

Loading video...

×