CHARLESTON, W.Va. — Appalachian Power and Wheeling Power have submitted their annual Expanded Net Energy Cost (ENEC) to the Public Service Commission of West Virginia.
Within the filing, a request of $71.6 million was made to the PSC to pay for fuel for customers at cost. According to the company, if the amount is included in the currently pending securitization filing with the PSC and approved, a need for an ENEC increase would be reduced significantly.
The monthly bill for residential customers using 1,000 kilowatt-hours would increase by $5.31 at the beginning of September if approved as filed and not included in the securitization amount.
Aaron Walker, president and chief operating officer of Appalachian Power, in a statement, said the customers are at risk of feeling more of a financial burden.
“If the unrecovered ENEC amount keeps rising, it will create a larger financial strain for our customers down the line,” Walker said. “Nevertheless, we recognize the immediate challenges our customers are experiencing, and therefore, we strongly advocate for including this outstanding balance in the securitization case currently pending with the Public Service Commission.”
Companies get reimbursed on a dollar-for-dollar basis by the ENEC for coal and natural gas that fuels power plants.