- Court rejected part of another fee for AEP's market transition
- AEP says court ruling will have ``minimal'' financial impact
The Ohio Supreme Court upheld charges on Thursday that American Electric Power Co. Inc.’s Ohio utility billed customers for securing power supplies. The court rejected part of another fee that the company had imposed as part of its transition into a competitive power market.
The court’s rulings mean Ohio utility regulators will have to review the way AEP structured its so-called transition charge. The reassessment probably won’t significantly affect customers’ bills and will have “minimal” impact on the company’s finances, the Columbus, Ohio-based utility owner said in a statement Thursday.
The Ohio Consumers’ Counsel had appealed the bill increases, saying that AEP was allowed to unlawfully recover revenue related to its move into a wholesale power market. The agency challenged the power supply charge, saying it constituted a subsidy.