Settlement: Mon Power Rates Would Go Up By About $10 A Month

Mon Power customers would see their rates increase in March, but not by as much as proposed, if a settlement agreement is approved.

Under a proposed agreement submitted to the West Virginia Public Service Commission, average Mon Power residential electricity customers would see their bills go up $9.94 a month.

In total, that would give the company about $105 million in revenue – about half the $207 million it sought. Electric utilities recover their costs, in part, through rate increases.

The PSC held a public comment hearing on the base rate case on Monday, and will have an evidentiary hearing on Thursday at 9:30 a.m. at the agency’s headquarters in Charleston.

One issue not settled by the agreement: How much customers with solar panels are credited for the electricity they produce. The parties to the case asked the PSC to rule on the matter.