Utilities

Trump Promised To Cut Electric Costs In Half. Bills In Energy-rich W.Va. Now Top Mortgages

Nationwide, electricity increased 4.8% in February over a year earlier, with natural gas prices up 10.9% during the same period. Rising energy costs are driven by increased demand, extreme weather, and infrastructure upgrades. West Virginia's reliance on coal-fired plants contributes to the problem, leaving residents burdened by high utility costs.

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Unprofitable Out-Of-State Coal Plants Costing Kentucky Electricity Customers

Behind the rates paid by the companies’ customers is a hidden cost that doesn’t show up on their bills. Customers receive electricity from two aging, out-of-state coal plants that lose a lot of money.

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AEP Reports Nearly $1 Billion Profit In Third Quarter

American Electric Power recorded $972 million in profits in the three months ending Sept. 30, up from $960 million a year ago.

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