West Virginia Electric Rates

Background Information

In a recent decision, the PSC approved a $40 million increase to our base electricity rate. The increase is mostly needed to account for inflation in prices of materials and labor. The PSC made approval of this increase conditional on withdrawal of our 2026 Notice of Intention to file a base rate increase and agreeing not to submit a new base rate filing until after June 1, 2027. The new rates will go into effect on July 1, 2026.

Benefits for You

The PSC's decision helps keep your rate more stable in the near term and reduces how often rate changes are needed. The new base rate allows us to continue investing to build a more reliable electric grid in West Virginia while accounting for increased costs due to inflation.

Customer Protection

As with all rate changes, the PSC evaluates our financial data and the public input of customers and intervening parties to make sure rates and conditions are fair and reasonable, while still supporting safe and reliable power.

Frequently Asked Questions

What is the base rate and what does it include?
"Base rate" refers to the costs of building, maintaining and operating our electric system, including power plants, transmission and distribution lines that serve you and your neighbors. Base rates do not include the fuel portion of your bill. Fuel and purchased power are expenses to you with no profit to us.

What factors contributed to the change in the base rate?
The PSC chose to make an adjustment based on inflation in prices for goods and services that APCo encountered.

How will this impact my bill?
The order results in an increase of $4.84 on a monthly bill for a residential customer using 1,000 kWh. The total adjustment is $40.1 million or about 2% of overall revenue.

When will the new rates take effect?
The new rates go into effect July 1, 2026.

We submitted our annual Expanded Net Energy Cost (ENEC) filing on April 30, 2026. ENEC funds are used to pay for fuel used to supply energy to our customers at cost. If approved as filed, an average residential customer in West Virginia would see an increase of $0.78 on their monthly bill.

On February 18, 2026, we filed an application for a Certificate of Convenience and Necessity to construct a mechanical draft cooling tower at our Mitchell Power Plant, which supplies 1,560 megawatts (MW) of generating capacity. If approved as filed, it would've resulted in an estimated monthly bill increase of $1.22 for an average West Virginia residential customer. However, these costs will be reduced by a $51 million grant from the U.S. Department of Energy (DOE).

Securitization is a financing tool that helps us keep your rates reasonable. Our Securitization filing securitizes a total of $2.6 billion, pending adjustments from the PSC, including $1.7 billion in John E. Amos and Mountaineer plant balances, $237 million in Coal Combustion Residuals and Effluent Limitation Guideline costs, $158 million in deferred storm expenses and $492 million in Expanded Net Energy Cost (ENEC) under-recovery.