Ohio High Court Allows AEP Rate Hikes To Cover Losses

Law360, New York (May 24, 2011, 10:04 PM EDT) -- Ohio's high court on Tuesday approved a permit allowing an American Electric Power Corp. subsidiary to make up for revenue shortfalls due to reduced power usage by billing its customers more for distribution.

The Ohio Supreme Court issued a unanimous opinion that upheld the Public Utilities Commission of Ohio's approval of a billing structure, which would allow Columbus Southern Power Co. to “decouple” its rates — separate the billing for fixed distribution costs from billing for sales volume so that it can maintain its revenue when...
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