MOUNDSVILLE, W.Va. — Rates for electricity are scheduled to go up one more time next year in connection with the transfer of ownership involving the Mitchell Power Station in Moundsville.
Appalachian Power and Wheeling Power filed rate information with the state Public Service Commission Friday completing a previously approved transfer of 50 percent interest in the Mitchell Station to Wheeling Power.
A 2014 PSC order said the first 82.5 percent of the transfer cost would come in rates upon the initial transfer of ownership with the remaining 17.5 percent coming no later than Jan. 1, 2020.
Friday’s filing said the Jan. 1 increase would result in additional rates totaling $21.3 million, a 1.4 percent increase. The average customer will pay about $1.86 more on their monthly bills.
Kentucky Power owns the remaining 50 percent of the Mitchell Station.