From ValueWalk:

Utility giant American Electric Power (AEP) sent shock wave last week by suggesting consumers could see their electricity bills jump an estimated 40%-60% in the next few years. AEP is one of the country's largest investor-owned utilities, serving parts of 11 states with more than 5 million customers.

As part of the company's plan to comply with the Energy Protection Agency's (EPA) new regulations, AEP said it would cost $6-$8 billion in capital investments over the next decade to retire and retrofit its coal fired power plants to meet regulations that start taking effect in 2014. And that's when the utility rate increases are expected to...

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