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Article: Allegheny Power Receives Approval for Maryland Rate Stabilization Plan.
- Article from:
- Business Wire
- Article date:
- March 30, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENSBURG, Pa. -- Allegheny Power, the electric delivery subsidiary of Allegheny Energy, Inc. (NYSE:AYE), today announced that the Maryland Public Service Commission has approved its rate stabilization and transition plan for residential customers.
Allegheny's plan will use a series of rate changes to gradually transition residential customers from capped generation rates to rates based on purchasing power at market prices. Beginning in June residential customers will pay a distribution surcharge of 15 percent that will result in rates increasing by about $11 per month for a typical residential customer using 1,000 kilowatt-hours of electricity. On January 1, ...
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