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APPALACHIAN UPDATES RENEWABLE PORTFOLIO STANDARD IN VIRGINIA

October 1, 2012

Roanoke, Va., September 28, 2012 – Today Appalachian Power filed to update the Renewable Portfolio Standards (RPS) component of its electric rates. If approved by the Virginia State Corporation Commission (SCC) the change would increase rates 0.2 percent, or $0.27 per month for a residential customer using 1,000 kwh per month. The proposed change would not take effect until August.

            Appalachian Power has met the Commonwealth’s renewable energy goals for the last two years primarily by purchasing wind generation to serve its customers. Approximately four percent of the energy delivered to Appalachian’s Virginia customers comes from renewable sources. A portion of the costs associated with this generation is captured and recovered through an RPS rate adjustment clause that is reflected on customer bills.            

Appalachian Power has more than 1 million customers in Virginia, West Virginia and Tennessee (as AEP Appalachian Power). It is a unit of American Electric Power, one of the largest electric utilities in the United States, which delivers electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. 

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Todd Burns

Corporate Communications

(540) 985-2912

tfburns@AEP.com

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