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Appalachian Power’s $593M Bond Deal
Appalachian Power is eyeing a massive $593.5 million cash infusion through bond sales—called securitization—to recoup past fuel costs without immediately raising rates for customers. After intense negotiations with consumer advocates and energy groups, including a recent inflation-adjusted rate hike approved for July, the utility locked in a one-year rate freeze in exchange. The final settlement must hit the Public Service Commission by June 30, with a July 22 hearing to review the deal and its impact on ratepayers. Support the show:Get a discount at https://solipillow.com/discount/dnn…
The skinny
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