Mon Power, Potomac Edison Seek Rate Hike in W.Va.
Mon Power and Potomac Edison are asking West Virginia regulators to increase the rates it charges its customers.
The FirstEnergy Corp. subsidiaries said they submitted the request to the Public Service Commission for the $96 million rate increase on Wednesday.
The request was filed to move the costs currently being collected for the Harrison generation transaction to its permanent rates. The filing also includes recovery of costs associated with storm repairs from the 2012 derecho and Hurricane Sandy, along with operating costs at power stations.
If the request is approved, the monthly bill for a typical residential customer using 1,000 kilowatt-hours would be about $106.79.
Mon Power serves about 385,000 customers in 34 West Virginia counties and Potomac Edison serves about 135,000 customers in the state's Eastern Panhandle.