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UTILITY LAW-AEP PROFITS
Regulators say AEP Ohio operator had 'excessive' earnings in 2011, should return nearly $7M
Reported by: Associated Press
Reported: Wednesday, October 23, 2013 6:46 PM EDT
State regulators have determined Columbus Southern Power had "excessive earnings" for 2010 under Ohio law and should return $6.9 million.
A spokesman for the Ohio Consumers' Counsel says the total to be returned to customers is about one-fifth of the $35 million recommended by that consumer advocacy agency. He says a PUCO staff witness had recommended more than $22 million.
AEP Ohio didn't immediately return a message seeking comment after business hours Wednesday.