AEP plans rate drop in Ohio beginning in 2015 - 13abc.com Toledo (OH) News, Weather and Sports

AEP plans rate drop in Ohio beginning in 2015

Posted: Updated:

COLUMBUS, Ohio (AP) - American Electric Power is proposing a rate reduction for Ohio customers beginning in the summer of 2015 - one the state's ratepayer watchdog says doesn't go far enough.

The Columbus-based utility says its electricity rates are expected to fall by as much as 9 percent over the three-year period starting in June 2015.

That means a monthly savings of around $6 to $10 per month for a typical household.

The Ohio Consumers' Counsel says the utility's rates are still too high even with the reduction and above market rates.

A spokesman for the office says AEP is one of the two utilities charging the highest rates to customers in the state.

An AEP spokeswoman says the expected lower rates are coming because of falling prices for electricity in wholesale markets.

  • Top StoriesMore>>

  • Customers stock up on water cases after rumors of another ban

    Customers stock up on water cases after rumors of another ban

    Thursday, August 21 2014 10:21 PM EDT2014-08-22 02:21:26 GMT
    Hannah Ogden decided she wasn't going to take any chances on the water. She bought two 24-pack cases Thursday evening after hearing rumors that Toledo was going back under a ban."It wasn't hectic like that or anything like it was the previous time, but the entire aisle where the water normally is was empty," says Ogden.Over at The Andersons Store on Talmadge Road, shelves were nearly two-thirds full. While the city never issued a warning or advisory, it didn't stop some customers from buying ...
    Hannah Ogden decided she wasn't going to take any chances on the water. She bought two 24-pack cases Thursday evening after hearing rumors that Toledo was going back under a ban."It wasn't hectic like that or anything like it was the previous time, but the entire aisle where the water normally is was empty," says Ogden.Over at The Andersons Store on Talmadge Road, shelves were nearly two-thirds full. While the city never issued a warning or advisory, it didn't stop some customers from buying ...
  • Sylvania estimates water crisis cost $1.5M in lost revenue

    Sylvania estimates water crisis cost $1.5M in lost revenue

    Thursday, August 21 2014 11:05 PM EDT2014-08-22 03:05:51 GMT
    The Sylvania Chamber of Commerce estimates businesses lost a total of nearly $1.5 million dollars in economic revenue during the three-day water ban.
    The Sylvania Chamber of Commerce estimates businesses lost a total of nearly $1.5 million dollars in economic revenue during the three-day water ban.
  • Suspect charged with murder after shooting at strip club

    Suspect charged with murder after shooting at strip club

    Thursday, August 21 2014 10:22 PM EDT2014-08-22 02:22:08 GMT
    Witnesses tell 13abc a fight broke out inside the Chez Joey gentleman's club around 1 a.m. Thursday morning. We're told tables and chairs were thrown, leading up to gunfire. Marcus Osley, 28, was shot during the altercation and later died from his injuries. Police have arrested Keevon Johson, 34, and charged him with murder in the killing.
    Witnesses tell 13abc a fight broke out inside the Chez Joey gentleman's club around 1 a.m. Thursday morning. We're told tables and chairs were thrown, leading up to gunfire. Marcus Osley, 28, was shot during the altercation and later died from his injuries. Police have arrested Keevon Johson, 34, and charged him with murder in the killing.

Area Events Calendar

See It, Shoot It, Send It!