Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: TUESDAY, June 19, 1990 TAG: 9006190147 SECTION: BUSINESS PAGE: B-4 EDITION: METRO SOURCE: DATELINE: LENGTH: Short
Apco on Monday asked the State Corporation Commission to approve the reduction of 0.8 percent or $5 million, effective Aug. 28.
If approved, the fuel-factor reduction will partially offset an interim increase of $5.60 per month to be placed in effect, subject to refund, at the end of August. The SCC has scheduled a Sept. 13 hearing on Apco's 8.3 percent general rate increase request.
This is the seventh year since 1982 that Apco has had a lower fuel factor in its Virginia rates.
A year ago, Apco's fuel rate was reduced $1.06 per month, or 2.3 percent. The company credited that reduction to renegotiation of coal contracts and an effort to use more coal from the spot market. - Staff report
by CNB