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.

  • RegionalMore>>

  • Farmers make proactive steps to reduce runoff

    Farmers make proactive steps to reduce runoff

    Monday, September 1 2014 4:36 PM EDT2014-09-01 20:36:19 GMT
    Many farmers have their soil professionally tested every year and they only add the recommended nutrients on their crops. They are doing what they can to keep chemicals out of the runoff.
    Many farmers have their soil professionally tested every year and they only add the recommended nutrients on their crops. They are doing what they can to keep chemicals out of the runoff.
  • Man found dead in barn fire, woman escapes

    Man found dead in barn fire, woman escapes

    Monday, September 1 2014 4:22 PM EDT2014-09-01 20:22:09 GMT
    One man is dead after an overnight barn fire in northern Monroe County.The sheriff's office says that barn went up in flames just before 1 a.m. Monday.It happened outside of Carelton, MI, near the intersection of Colf and Sumpter.Investigators say a 54-year-old lived in an apartment above the barn. His body was found inside.According to deputies, the man's girlfriend managed to get out alive, with burns on her hands and feet.The sheriff is waiting to release the man's identity until his famil...
    One man is dead after an overnight barn fire in northern Monroe County.The sheriff's office says that barn went up in flames just before 1 a.m. Monday.It happened outside of Carelton, MI, near the intersection of Colf and Sumpter.Investigators say a 54-year-old lived in an apartment above the barn. His body was found inside.According to deputies, the man's girlfriend managed to get out alive, with burns on her hands and feet.The sheriff is waiting to release the man's identity until his famil...
  • Body recovered, 8 rescued overnight in Indian Lake

    Body recovered, 8 rescued overnight in Indian Lake

    Monday, September 1 2014 11:01 AM EDT2014-09-01 15:01:12 GMT
    LAKEVIEW, Ohio (AP) - Authorities recovered the body of a 22-year-old man from a western Ohio lake after responding to a call about a sinking boat. An Ohio Department of Natural Resources statement says eight of the nine people on the boat were rescued. State watercraft officers say they received the call about a boat sinking on Indian Lake north of the Lakeview boat ramp around 12:30 a.m. Sunday. Crews from area fire departments had already safely pulled the eight people from the water when ...
    LAKEVIEW, Ohio (AP) - Authorities recovered the body of a 22-year-old man from a western Ohio lake after responding to a call about a sinking boat. An Ohio Department of Natural Resources statement says eight of the nine people on the boat were rescued. State watercraft officers say they received the call about a boat sinking on Indian Lake north of the Lakeview boat ramp around 12:30 a.m. Sunday. Crews from area fire departments had already safely pulled the eight people from the water when ...
  • Top StoriesMore>>

  • Major construction project could tie up traffic

    Major construction project could tie up traffic

    Monday, September 1 2014 6:20 PM EDT2014-09-01 22:20:52 GMT
     A major construction project is about to start along State Route 420 in Wood County and that could mean delays for drivers, but ODOT hopes it will eventually clear up congestion.
     A major construction project is about to start along State Route 420 in Wood County and that could mean delays for drivers, but ODOT hopes it will eventually clear up congestion.
  • Early Head Start aims to offer services for whole family

    Early Head Start aims to offer services for whole family

    Monday, September 1 2014 5:44 PM EDT2014-09-01 21:44:51 GMT
    Students in Toledo's Head Start program are headed back to school soon. For the first time the program is being run by Toledo Public Schools.
    Students in Toledo's Head Start program are headed back to school soon. For the first time the program is being run by Toledo Public Schools.
  • Cedar Point to announce 2015 plans

    Cedar Point to announce 2015 plans

    Tuesday, September 2 2014 8:20 AM EDT2014-09-02 12:20:58 GMT
    Cedar Point is just weeks away from it's annual HalloWeekends celebration, but we're just hours away from a big announcement. The Sandusky amusement park is set to release details on a plan for next year. There's a lot of speculation regarding a new ride, or even a revamp of some of the older rides like Mean Streak, Blue Streak or Mantis. Weeks ago, the amusement park offered to rename one of its rides for Lebron James if he returned to the Cleveland Cavaliers. James did decide to return to t...
    Cedar Point is just weeks away from it's annual HalloWeekends celebration, but we're just hours away from a big announcement. The Sandusky amusement park is set to release details on a plan for next year. There's a lot of speculation regarding a new ride, or even a revamp of some of the older rides like Mean Streak, Blue Streak or Mantis. Weeks ago, the amusement park offered to rename one of its rides for Lebron James if he returned to the Cleveland Cavaliers. James did decide to return to t...

Area Events Calendar

See It, Shoot It, Send It!