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Shenandoah Valley co-op seeks electric rate hike

Sunday - 3/23/2014, 4:07pm  ET

WAYNESBORO, Va. (AP) -- The Shenandoah Valley Electric Cooperative is seeking state approval to increase its base rates for the first time in more than a decade.

Shenandoah Valley says in a news release that it has filed a rate increase application with the State Corporation Commission.

If approved, the average monthly bill would increase by about 7.5 percent for residential members in the cooperative's legacy territory.

Residential members in a territory acquired from Potomac Edison would see an average increase of about 5 percent. That's the amount allowed under the 2010 acquisition agreement.

The higher rates would be effective July 5.

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