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<blockquote data-quote="flutterby" data-source="post: 515547" data-attributes="member: 7083"><p>About the electric rates - if you have AEP I can tell you what is going on. </p><p></p><p>They haven't had a rate increase in 6 or 7 years. The state told them this year that they could increase their rates. People called PUCO and complained, and the state told them they had to take their rates back to where they were. They have since gotten the ok to temporarily raise their rates again, but they don't know if the state is going to continue to let them. If they don't, they will have no choice but to close their headquarters in Columbus. Some will get offered a job in Louisiana. Most will get laid off. </p><p></p><p>With deregulation, AEP is required to sell energy to the other energy companies for less than what it costs AEP to produce it. Then they haven't been allowed a rate increase for 6 or 7 years. They did a re-organization 2 years ago. They have trimmed all the fat (i.e., no business trips, etc) that they know to trim, and are bringing in specialists to see if they can trim anywhere else. Bottom line, though. If they aren't allowed to keep this rate increase, they won't be here much longer. A lot of jobs will be lost, and millions in donations that AEP gives to various organizations in and around Columbus will be lost. </p><p></p><p>My step-father works for AEP. My parents are preparing for what might come next.</p></blockquote><p></p>
[QUOTE="flutterby, post: 515547, member: 7083"] About the electric rates - if you have AEP I can tell you what is going on. They haven't had a rate increase in 6 or 7 years. The state told them this year that they could increase their rates. People called PUCO and complained, and the state told them they had to take their rates back to where they were. They have since gotten the ok to temporarily raise their rates again, but they don't know if the state is going to continue to let them. If they don't, they will have no choice but to close their headquarters in Columbus. Some will get offered a job in Louisiana. Most will get laid off. With deregulation, AEP is required to sell energy to the other energy companies for less than what it costs AEP to produce it. Then they haven't been allowed a rate increase for 6 or 7 years. They did a re-organization 2 years ago. They have trimmed all the fat (i.e., no business trips, etc) that they know to trim, and are bringing in specialists to see if they can trim anywhere else. Bottom line, though. If they aren't allowed to keep this rate increase, they won't be here much longer. A lot of jobs will be lost, and millions in donations that AEP gives to various organizations in and around Columbus will be lost. My step-father works for AEP. My parents are preparing for what might come next. [/QUOTE]
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