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Kentucky Power seeks to raise rates 12% or 15% before March 1 deadline if PSC misses decision.
Kentucky Power has asked the Kentucky Public Service Commission to allow it to begin applying a proposed rate increase—either 12% from a settlement or its original 15% proposal—before a final decision, if the PSC misses its March 1 deadline.
The settlement, which uses deferred tax liabilities, would result in an 8% increase in 2026 and 9% in 2027.
The company seeks to implement rates on a “subject to refund” basis, ensuring overcharges would be returned if the PSC rules differently.
The PSC has not yet finalized its decision and may miss the March 1 deadline.
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Kentucky Power busca elevar las tasas 12% o 15% antes de la fecha límite del 1 de marzo si la PSC no toma una decisión.