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Posted: 2:11 PM Jun 28, 2010
Bills Going Up for Kentucky Power Customers
On Monday, the Kentucky Public Service Commission approved a settlement granting the company a 12.5 percent increase, which is about half the amount sought by the utility.
Reporter: WSAZ News Staff Email Address: news@wsaz.com |
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FRANKFORT, Ky. (WSAZ) -- Kentucky Power customers will soon see an increase in their bills.
On Monday, the Kentucky Public Service Commission approved a settlement granting the company 12.5 percent rake hike, which is about half the amount sought by the utility.
Under the settlement, the average bill for a typical residential customer using 1,430 kilowatt-hours per month would rise to more than $134, an increase of about 17 percent from the current average of about $115, according to a PSC release.
Kentucky Power had sought a revenue increase that would have increased the average monthly residential bill to $153, about 34 percent above the current average.
While reducing the size of the rate increase, the settlement calls for Kentucky Power to increase its spending on clearing vegetation along its power lines.
The new rates take effect Tuesday, June 29.
Kentucky Power has about 176,000 customers in 20 eastern Kentucky counties.
Latest Comments
Posted by: Anon
on Jul 2, 2010 at 11:44 AM
Wonder how much money PSC made off this?
Posted by: eric
on Jun 30, 2010 at 07:34 PM
i guess ill live in the woods not and eat rabbit
Posted by: Marcella
on Jun 30, 2010 at 07:42 AM
Ridiculous! My electric bill is well over $153 already, and I don't even use it for heating. I suppose the rate hike is to help pay for the 'green' changes power companies are facing, since coal is such a 'no no' at the moment.
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