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Health, Science & EnvironmentIt’s almost been four years since Columbus ushered in a program that promised lower energy prices using clean energy generated in Ohio.
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AEP said it doesn't expect any significant impact on the company's operations, cash flows or financial condition.
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Earlier this month, AEP Ohio announced plans for another rate increase that the company said will pay for reliability-focused improvements to the electric grid. Under the plan, rates will go up about $1.50 a month or an average annual increase of less than 1 percent.
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Business & EconomyThe Public Utility Commission of Ohio agreed to a consumer-advocate motion to stay natural gas and electricity disconnections for 30 days while low-income consumers are applying for bill-payment relief.
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Business & EconomyAEP customers will see a 28% price hike starting Thursday, increasing costs to power their homes by over $40 for the average customer.
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Business & EconomyConsumer advocates say this isn't the right time to add additional charges to customer bills.
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More than 600 extra line men are being called to the state in case of outages. Last weekend's storm left 125,000 customers temporarily without power.
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Business & EconomyBut consumer advocates representing manufacturers and residential electric customers, and staff at a state regulatory agency are pushing back.
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The Public Utilities Commission of Ohio heard from electricity provider AEP and transmission line operator PJM in a public meeting Wednesday about forced power outages in June in Columbus.
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The Columbus-based electric utility has been criticized for outages following severe storms during days of extreme heat.