AEP demands 45% rate increase for Ohio what all America can look forward to under McCain

What happens when your utility is 68% dependent on coal?American Electric Power said Thursday it must raise electricity rates 45 percent for its nearly 1.5 million customers in Ohio over the next three years, to cover soaring coal prices and the cost of modernizing its systems to keep them reliable .AEP executives acknowledge that the increases will be tough on consumers already facing high gas and food prices during a slumping economy. The fact is that coal has doubled in cost in the last year alone, dramatically affecting AEP Ohio's costs, Joe Hamrock, AEP Ohio president and chief ope...Original article link