FRANKFORT, Ky. – Kentucky Power customers will see a modest increase in their monthly electric bills beginning next month, following a recent court ruling that sided with the utility company.
The decision found that the Kentucky Public Service Commission (PSC) failed to include certain required expenses during the company’s 2023 rate case.
In that case, Kentucky Power requested an 18% rate hike, but the PSC approved an increase of less than 6%, excluding more than $14 million in transmission and rate case expenses. The utility appealed the decision and won.
As a result, the PSC has now approved a temporary surcharge of about half a cent per kilowatt-hour, which will remain in effect for 22 months, ending in August 2027.
For the average residential customer using 1,200 kilowatt-hours per month, the increase will amount to roughly $6 more per bill.
Meanwhile, Kentucky Power is pursuing another rate hike request of about 15%, which remains under review by the PSC.
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