American Electric Power of Ohio says it wants to decrease customers’ electric bills, but consumer advocates say the company is doing this by using $82 million the utility owed back to customers.
AEP said in a Wednesday press release the proposed decrease would drop bills by a little more than $1 a month for average customers driven by a reduction to distribution rates by $58.7 million. Only last month, AEP pushed for a $4 monthly increase to average monthly bills, drawing a flood of opposition at Public Utilities Commission of Ohio public hearings.
AEP said in the release the average AEP Ohio residential customer using 1,000 kilowatt-hours per month would see their electric distribution bill drop by $1.22 per month…