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>>

  • Entertainment District proposed for downtown Toledo

    Entertainment District proposed for downtown Toledo

    Tuesday, April 22 2014 11:08 PM EDT2014-04-23 03:08:24 GMT
    Empty buildings and store fronts downtown could soon have new life under a Community Entertainment District.Nothing has been approved just yet, but many are excited about the idea of new growth."I'd welcome a new entertainment district," Adam Ramos, who lives in Bowling Green saidRamos likes to take trips of I-75 to visit restaurants and attractions in downtown Toledo."We mainly hang around the ball park, but we love all the restaurants around here," he said.Toledo City Council is working to ...
    Empty buildings and store fronts downtown could soon have new life under a Community Entertainment District.Nothing has been approved just yet, but many are excited about the idea of new growth."I'd welcome a new entertainment district," Adam Ramos, who lives in Bowling Green saidRamos likes to take trips of I-75 to visit restaurants and attractions in downtown Toledo."We mainly hang around the ball park, but we love all the restaurants around here," he said.Toledo City Council is working to ...
  • 'Bachelorette' contestant Eric Hill dies in paragliding accident

    'Bachelorette' contestant Eric Hill dies in paragliding accident

    Wednesday, April 23 2014 1:20 PM EDT2014-04-23 17:20:13 GMT
    (ABC News) One of the competitors on Andi Dorfman's season of "The Bachelorette" has died, his sister confirmed.Eric Hill, an adventurer who sought to visit every country in the world in less than 1,200 days, was involved in paragliding accident Sunday that left him in a coma. He died this morning."Eric shared his final journey with us this morning as all his immediate family were able to be at his side when he passed away. Thank you to all of your love and support and prayers and fasting," ...
    (ABC News) One of the competitors on Andi Dorfman's season of "The Bachelorette" has died, his sister confirmed.Eric Hill, an adventurer who sought to visit every country in the world in less than 1,200 days, was involved in paragliding accident Sunday that left him in a coma. He died this morning."Eric shared his final journey with us this morning as all his immediate family were able to be at his side when he passed away. Thank you to all of your love and support and prayers and fasting," ...
  • Helping students cope with death and tragedy

    Helping students cope with death and tragedy

    Wednesday, April 23 2014 11:21 AM EDT2014-04-23 15:21:12 GMT
    In the past week, multiple teenage students in our area have died in accidents. Now school districts are working to help students cope with the tragedies. From homework, to standardized tests, students have a lot on their plates but many of them are also dealing with death of a classmate. Yesterday, a Oregon junior high school student died in a car crash. Zachery Brantley, 14, was thrown from a car, after the driver lost control on Howard Road. In Monroe County, an 18-year-old and two oth...
    In the past week, multiple teenage students in our area have died in accidents. Now school districts are working to help students cope with the tragedies. From homework, to standardized tests, students have a lot on their plates but many of them are also dealing with death of a classmate. Yesterday, a Oregon junior high school student died in a car crash. Zachery Brantley, 14, was thrown from a car, after the driver lost control on Howard Road. In Monroe County, an 18-year-old and two oth...

Area Events Calendar

See It, Shoot It, Send It!