North shore energy
Fri, 01/27/2012 - 2:31pm

New AEP rates stun small businesses

Some small-business owners are furious about a sudden rise in electricity costs, the result of a new American Electric Power rate plan that took effect this month.  With immediate increases of up to 40 percent, business owners said they are faced with cutting workers, reducing investment and making other changes as they struggle to deal with an increased expense that many of them did not see coming.