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Last updated 5:55AM ET
July 19, 2018
WOUB Local News
WOUB Local News
American Electric Power plans to raise rates
(WOUB) - The state's utility watchdog wants regulators to make adjustments to American Electric Power's plan to raise Ohio rates 45 percent over three years.

Ohio Consumers' Counsel Janine Migden-Ostrander says that would be one of the largest electric-rate increases her office has seen during its 31 years.

She says the proposed rates are more than
consumers can handle as they also deal with high costs for gasoline and natural gas.

AEP says it needs to charge more, partly because it's contending with soaring prices for coal.

On Thursday, AEP was one of two major Ohio power companies to make a request for higher rates.

FirstEnergy wants a 16.1 percent increase spread over three years.

The consumers' counsel says that plan also needs regulatory scrutiny.
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