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Kentucky Power’s rates rise 5.87% initially, with audits mandated over affordability and efficiency.
The Kentucky Public Service Commission approved a revised rate increase for Kentucky Power, raising average monthly bills by $10.76 in the first year—about 5.87%—with an additional 0.76% increase in following years.
The final decision lowers a previously proposed $27.30 monthly hike, using deferred tax liabilities to reduce initial costs.
The PSC cited declining customer numbers—12,000 fewer residential users over 14 years and a 38% drop in industrial usage—as key drivers of higher per-customer costs.
The commission also mandated an independent audit of Kentucky Power’s operations and its parent company, American Electric Power, to identify efficiency savings.
Public concerns over affordability were noted during hearings.
The full case record is available online.
Las tarifas de Kentucky Power suben 5.87% inicialmente, con auditorías obligatorias sobre asequibilidad y eficiencia.