The West Virginia Public Service Commission has approved a rate increase for residential customers of Appalachian Power and Wheeling Power.

Residential customers will see a three percent increase to their energy bills if they use 1,000 kilowatt hours per month. That equals out to about $5.38.

From December to February, residents using 2,000 kilowatt hours per month will see a $1.37 reduction in their bill.

The company originally sought an almost 12 percent rate increase that would have brought in about $115 million, but their request was reduced to $44 million.

The settlement also states the companies will not file for another base rate increase before April 1, 2020.

Appalachian Power also said it will work with the West Virginia Public Service Commission to create an economic development program funded by customers fees and matching company contributions.