Mon Power and Potomac Edison Propose $76M Inflation Hike or $188M Base-Rate Increase
FE•Mon Power and Potomac Edison seek PSC approval for two rate-hike plans: an inflation-based $76 million adjustment with $38 million annual increases raising average residential bills 3% in 2026 and 2.9% in 2027, or a $188 million base-rate hike boosting bills 13.9%. These funds will back reliability upgrades that cut outages by 53%.
1. Rate-Hike Proposals Overview
Mon Power and Potomac Edison have filed a request with the PSC for approval of two distinct rate increase plans, seeking a decision by May 29 on which method to pursue.
2. Inflation and Investment Adjustment Details
The Inflation and Investment Adjustment option would raise $76 million initially, followed by $38 million annual increases on August 1, 2026 and June 1, 2027, delaying the next rate review until April 2028.
3. Traditional Base Rate Adjustment Details
Under the Traditional Base Rate Adjustment, the companies propose a $188 million increase effective June 14, including funding for a reliability program that builds on a 2024 pilot which reduced outage duration by 53%.
4. Customer Base and Impact
The utilities collectively serve 558,000 West Virginia customers; the inflation option would raise average residential bills by $4.12 (3%) in 2026 and $4.11 (2.9%) in 2027, while the base-rate plan would increase bills by $19.44 (13.9%).
