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AEP Ohio to refund $84M to customers on June electric bills


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AEP Ohio to refund $84M to customers on June electric bills

Ohio Power Co., which does business as AEP Ohio, and the office of the Ohio Consumers' Counsel said June 2 that the utility's customers will be refunded $84 million on their June electricity bills through a one-time credit.

The credit is part of a settlement between the utility, the Consumers' Counsel and several other parties reached in December 2016 that resolved rate issues and lawsuits in 14 cases.

AEP Ohio standard service offer customers who received electricity between August 2012 and May 2015 are eligible for the credit. A residential customer who consumes 1,000 kWh electricity will be credited approximately $60.

Customer bills that include the credit were sent starting May 30 and will continue through the end of June. All the American Electric Power Co. Inc. subsidiary's customers, former and current, are eligible to receive this credit.