RICHMOND, Va. — Furniture executives in Virginia say if Appalachian Power raises its rates by 25 percent, some of them may send manufacturing jobs elsewhere.
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\n Executives from four southwest Virginia furniture makers testified at a hearing on the utility’s first request for a significant change in rate structure since the state moved toward deregulating electricity in 1999.<\/p>\n
Doug Bassett of Vaughan-Bassett Furniture says the increase would add $330,000 a year to operating costs in 2014. He says while his company has survived cheap-labor imports to the US market, he says it’s easy to move production to where costs are lower.<\/p>\n
Bassett said nearly half the company’s work force of 1,250 people is at North Carolina factories served by another power company.<\/p>\n
Appalachian Power president Dana Waldo testified that employment levels at the affected companies, quote, “are a business decision they’ll have to make.”<\/p>\n","protected":false},"excerpt":{"rendered":"
RICHMOND, Va. — Furniture executives in Virginia say if Appalachian Power raises its rates by 25 percent, some of them may send manufacturing jobs elsewhere.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2851","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=2851"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2851\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=2851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=2851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=2851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}