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Utility Deal Sparks Rate Concerns
Description
Appalachian Power just struck a controversial deal with West Virginia’s Public Service Commission to raise electricity prices 2.8% starting July 1—with no further hikes allowed until 2027. Critics call it unprecedented and risky, saying it bypasses normal rate-review procedures, while supporters argue it offers short-term relief and funding stability. Advocates urge it be treated as a one-time fix, not a model, and suggest AEP wait two more years before considering another base rate increase.
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