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Business

  • Appalachian Power Co. gets far less of an increase than requested

    The Virginia State Corporation Commission has substantially reduced the base rate increase sought by Appalachian Power Co. in a recent ruling that meets a legislative deadline.
    The ruling, in combination with a drop in a separate charge, will lower the average residential customer‘s monthly electric bill.
    The commission cut nearly $93 million from Appalachian’s requested base rate increase of $154 million.

  • Vaughan-Bassett announces expansion, jobs

    GALAX – Vaughan-Bassett Furniture officials announced last week plans to spend $1 million over the next several months on a four-phase expansion of its Galax factory.

    Wyatt Bassett, Vaughan-Bassett’s president and CEO, said the most expensive phase of the expansion is a new 16,000 square-foot building that is under construction at the rear of the shipping facility on Oldtown Street.

    The other three phases include:

    • Relocating the two bed lines from the machine room to the pack room, which was completed last month.

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