Rep. Cera Questions AEP Proposal To Pay For Storm Damage
Consider the financial hardship of ratepayers; consider burying lines to avoid future problems
January 11, 2013
 
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State Representative Jack Cera (D-Bellaire) has contacted AEP regarding the electric company’s latest proposal to have ratepayers be responsible for the storm damage of 2012. The legislator said recent calls to his office from concerned constituents prompted his written communication to the company. 


 


“It doesn’t seem fair that senior citizens are struggling to pay their bills because of high utilities and our local governments are experiencing safety issues because they can’t afford to keep their street lights on,” said Rep. Cera. “All the while, AEP is showing large profits on the books.”


 


The summer storms caused extensive damage to many parts of Ohio. It has been reported that AEP and its shareholders have benefitted from large profits in this past year. Rep. Cera stated in his letter “just like any other business that sustains a loss, AEP shareholders should bear at least some of the cost.”


 


The legislator also noted that the electric utility industry was able to get the legislature to pass deregulation a few years ago so a competitive marketplace would exist for providing electric services. “Part of being in a competitive marketplace is the understanding that a company will be able to benefit from this competition, but also it should understand that it may incur losses as well,” said the legislator.


 


Rep. Cera’s letter also inquired as to AEP’s plans to limit losses from future storms. “Hopefully, the company considers improvements such as burying lines or other measures to limit these problems in the future,” said Rep. Cera.

 
 
 
  
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