AEP-PSO raising fuel cost portion on electric bills
BY ROD WALTON World Staff Writer
Friday, February 15, 2013
Customers of AEP-PSO likely will see their electric bills rising starting next month as the utility increases its fuel-adjustment charges back to 2011 levels.
American Electric Power-Public Service Co. of Oklahoma announced Friday that a year-long customer refund, put in place due to low natural gas prices, was expiring. The fuel-cost portion will go up beginning with the March billing cycle.
The average bill, for a residential customer using 1,000 kilowatt hours per month, will rise by $11.70, from $77.41 to $89.11.
“We understand that any price increase is a challenge for customers,” Bobby Mouser, director of AEP-PSO customer services and marketing, said in a statement. “Over the last year, our fuel adjustment charges have been extraordinarily low. Now, with the expiration of the refund, and an increase in our overall fuel costs, our fuel charges are returning to more normal levels.”