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YouTubeAEP wants to raise our rates 31% by next year. Is this a joke? I'm waiting for either Allen Funt or Ashton Kutcher to come out and say smile you're on Candid Camera or you've just been punk'd. Our economy is at its worst. Our unemployment rate is at 9.2% and rising. Gas prices are a joke, at $3.75 a gallon, and going up. Anything that we buy, that is trucked in, has gone up in price. And now AEP wants to STICK IT to their customers. AEP needs to be ashamed of themselves, acting like a bunch of strongarming gangster thugs.
Columbus Underground Messageboard » General Columbus Discussion
Ohio Electricity Rates - News & Updates
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Mercurius
First Avenue
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Static-X said:
AEP wants to raise our rates 31% by next year. Is this a joke? I'm waiting for either Allen Funt or Ashton Kutcher to come out and say smile you're on Candid Camera or you've just been punk'd. Our economy is at its worst. Our unemployment rate is at 9.2% and rising. Gas prices are a joke, at $3.75 a gallon, and going up. Anything that we buy, that is trucked in, has gone up in price. And now AEP wants to STICK IT to their customers. AEP needs to be ashamed of themselves, acting like a bunch of strongarming gangster thugs.I'm taking it you didn't read the fine print.
As proposed, residential customers of Columbus Southern Power, AEP's central Ohio subsidiary, would pay an extra 1.5percent in 2012 and 2.7 percent in 2013, with virtually no increase in the first five months of 2014.
The rate increases are percentages of a customer's entire electricity bill. For example, the 1.5percent increase would raise the average monthly bill by $1.29 in 2012 to $121.58.
Posted 10 months ago # -
Static-X
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Mercurius said:
I'm taking it you didn't read the fine print.
As proposed, residential customers of Columbus Southern Power, AEP's central Ohio subsidiary, would pay an extra 1.5percent in 2012 and 2.7 percent in 2013, with virtually no increase in the first five months of 2014.
The rate increases are percentages of a customer's entire electricity bill. For example, the 1.5percent increase would raise the average monthly bill by $1.29 in 2012 to $121.58.
This is the headline that was printed. ("AEP Could Raise Ohio Rates as Much as 31 Percent
The state's advocate for residential utility customers says a plan American Electric Power seeks to implement in Ohio could raise next summer's rates for many customers by 31 percent.") I'm wondering who will pay 1.5% and who will pay the 31%. Once again, the middle-class will pay the 31% while the upper and lower-class get to pay 1.5%Posted 10 months ago # -
Mercurius
First Avenue
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Static-X said:
This is the headline that was printed. "AEP Could Raise Ohio Rates as Much as 31 Percent
The state's advocate for residential utility customers says a plan American Electric Power seeks to implement in Ohio could raise next summer's rates for many customers by 31 percent." I'm wondering who will pay 1.5% and who will pay the 31%. Once again, the middle-class will pay the 31% while the upper and lower-class get to pay 1.5%Key word being, "could" but most likely isn't. Electricity rates are flat - not progressive; all residential consumers in Columbus Southern pay the same rate.
Posted 10 months ago # -
Static-X
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Mercurius said:
Key word being, "could" but not is. Electricity rates are flat - not progressive- all residential consumers in Columbus Southern pay the same rate.I understand what you're saying, but I'll just have to wait for that '12 summer electric bill. I've always been a believer of that phrase, "I'll believe it when I see it."
Posted 10 months ago # -
AmyArt21
Short North
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I have City of Columbus Electric but my landlord wants to switch to AEP because he thinks it's a better deal.
Can anyone tell me what AEP charges per kilowatt hour and what the additional taxes and charges are?
City of Columbus charges about 7 cents per KWH, then each month there's a $10 service charge and some other weird charges (taxes?) that total about $8.
For a typical month (not when I have the a/c going), my actual usage charges in dollars are less than the taxes & fees.I'm wondering if AEP actually does have a better deal.
Posted 10 months ago # -
StowCbusCleveland
Jackson Township, Canton, OH
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My AEP bill lists their price to compare as 7.4 cents/KWH.
Edit:
I don't know how they figure each part, but my last bill's breakdown was:
$35.14 - Generation Service
$5.73 - Transmission Service
$25.59 - Distribution Service
$4.52 - Customer Charge
=
$70.98 on 553 KWHPosted 10 months ago # -
Static-X
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StowCbusCleveland said:
My AEP bill lists their price to compare as 7.4 cents/KWH.Edit:
I don't know how they figure each part, but my last bill's breakdown was:
$35.14 - Generation Service
$5.73 - Transmission Service
$25.59 - Distribution Service
$4.52 - Customer Charge
=
$70.98 on 553 KWHI just figured it out. $35.14 for the actual electric charge. $5.73 for bullshit. $25.59 for more bullshit and an extra $4.52 for additional bullshit. Thank you AEP for all your bullshit.
Posted 10 months ago # -
Analogue Kid
5th by West-Northwest
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Static-X said:
I just figured it out. $35.14 for the actual electric charge. $5.73 for bullshit. $25.59 for more bullshit and an extra $4.52 for additional bullshit. Thank you AEP for all your bullshit.I'm not going to defend AEP, but I will note that our rates aren't too bad compared to some places http://www.eia.gov/cneaf/electricity/epm/table5_6_a.html
Posted 10 months ago # -
Static-X
Here
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Analogue Kid said:
I'm not going to defend AEP, but I will note that our rates aren't too bad compared to some places http://www.eia.gov/cneaf/electricity/epm/table5_6_a.htmlAna Kid, Let me ask you this. Gas is $4.00 a gallon out in California. Does that mean Ohio gas prices, that are $3.75 for a gallon, aren't too bad compared to California? Gas could be sold for $1.00 a gallon right now, and BIG OIL would still be making billions a quarter. The same goes with AEP. Our electric bills could be cut in half, and the Execs, CEO's, Chair persons, President and etc. of AEP would still have a great Christmas.
Posted 10 months ago # -
rus
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Static-X said:
Ana Kid, Let me ask you this. Gas is $4.00 a gallon out in California. Does that mean Ohio gas prices, that are $3.75 for a gallon, aren't too bad compared to California? Gas could be sold for $1.00 a gallon right now, and BIG OIL would still be making billions a quarter. The same goes with AEP. Our electric bills could be cut in half, and the Execs, CEO's, Chair persons, President and etc. of AEP would still have a great Christmas.On gas prices...
http://www.dailymarkets.com/economy/2011/04/27/gasoline-taxes-vs-exxon-profit-per-gallon/
Posted 10 months ago # -
Twixlen
Westgate, Columbus
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Static-X said:
Ana Kid, Let me ask you this. Gas is $4.00 a gallon out in California. Does that mean Ohio gas prices, that are $3.75 for a gallon, aren't too bad compared to California? Gas could be sold for $1.00 a gallon right now, and BIG OIL would still be making billions a quarter. The same goes with AEP. Our electric bills could be cut in half, and the Execs, CEO's, Chair persons, President and etc. of AEP would still have a great Christmas.How is this different than the CEO's, Chair persons, President, etc of any major corporation? Where is the thread railing against General Mills & cereal prices?
And like all those other companies, AEP employs a whole helluva lot of people beyond those at the very top. Tens of thousands over many states. Should they perhaps pay linemen less money? The folks who work in the call centers, getting rage-filled phone calls about power outages?
I can assure you, delivering reliable electricity to every. single. household. is a damn site more complicated than pressing oat-paste into little shapes.
Posted 10 months ago # -
Mercurius
First Avenue
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joev said:
They should raise rates by 31% when they reduce pollution by 31%.I really think Morris is a pretty good actor:
http://www.pbs.org/wgbh/pages/frontline/heat/etc/ceos.htmlThe real problem is that the EPA and Congress won't tell AEP how CO2, SOX and NOX are going to be regulated. AEP is currently arguing for a cap and trade proposal that includes being able to buy forested lands. Like any corporation, AEP is going to argue to maximize its profits for their shareholders - but they've been good actors in the debate and Morris has had the foresight to know tighter environmental controls are coming. It really does come down to state regulators, like PUCO and the Consumers Counsel, to allow rate increases for environmental investment. Utilities get a fix return on the amount they invest - so it's in their interest to invest in pollution control if the PUCO will approve the rate increases.
Posted 10 months ago # -
Tenzo
Chicago Lakeshore
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How is this different than the CEO's, Chair persons, President, etc of any major corporation?
Unlike other major companies, regulated utilities are constantly audited to make sure they do not make to much. Plus, they may not raise their rates without approval.Comparing regulated utility companies to 'big oil' makes no sense.
Posted 10 months ago # -
News
Columbus Underground
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High temps, higher profit for AEP in 2Q
Business First
Date: Friday, July 29, 2011Hot weather and gains in sales off its power grid helped American Electric Power Company Inc. more than double its second-quarter earnings.
The Columbus-based utility told investors Friday it turned a profit of $352 million, or 73 cents a share, in the quarter, up from $136 million, or 28 cents a share, last year. Revenue grew 6 percent to $3.6 billion from $3.4 billion.
READ MORE: http://www.bizjournals.com/columbus/news/2011/07/29/high-temps-higher-profit-for-aep-in-2q.html
Posted 10 months ago #
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