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Posted: 9:40 AM Mar 26, 2010
Hearings Set on Proposed Rate Hike by Kentucky Power
The Kentucky Public Service Commission (PSC) will hold public meetings next month in Ashland, Pikeville and Hazard to receive comments on the request for a rate increase by the Kentucky Power Co. (American Electric Power).
Reporter: WSAZ News Staff Email Address: news@wsaz.com |
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FRANKFORT, Ky. (WSAZ) -- The Kentucky Public Service Commission (PSC) will hold public meetings next month in Ashland, Pikeville and Hazard to receive comments on the request for a rate increase by the Kentucky Power Co. (American Electric Power).
"These meetings will allow the PSC to hear directly from the public as it prepares to consider whether the proposed new rates are fair, just and reasonable," PSC Chairman David Armstrong said.
The meetings are scheduled for:
Ashland
Tuesday, April 13, 2010, 5:00 p.m. EDT
Auditorium, Park Place (former AEP building)
1701 Central Avenue
Pikeville
Tuesday, April 20, 2010, 5:00 p.m. EDT
Auditorium, Pikeville High School
120 Championship Drive
Hazard
Wednesday, April 21, 2010, 5:00 p.m. EDT
Auditorium, Hazard Community and Technical College
One Community College Drive
Kentucky Power has proposed to increase its electric rates across all classes of customers in order to generate an additional $123 million in revenue per year - an increase of about 24 percent. The company estimates that the average monthly bill for residential customers would rise to nearly $153, an increase of about 34 percent from the current average of about $115.
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