Allegheny Power Loses Appeal Over Rate Increases

Law360, New York (November 4, 2008, 12:00 AM EST) -- A Virginia Supreme Court has upheld a decision scaling back rate increases Allegheny Power was allowed to make in 2007 to recoup money it spent to obtain electricity from the competitive wholesale market.

In an order issued Friday, the high court ruled that the State Corporation Commission did not abuse its discretion in reducing the proposed rate increase from about 26 percent to an average of 5.6 percent, slicing the company's recovery from $44.9 million to $9.48 million.

Allegheny Power, the trade name for Potomac Edison...
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