FRANKFORT, Ky. — Attorney General Daniel Cameron announced today that efforts by his Office of Rate Intervention resulted in the Kentucky Public Service Commission (PSC) significantly reducing Duke Energy Kentucky, Inc.’s (Duke Energy) requested electrical rate increase. The reduction saves Kentucky consumers over $21 million.
“Our Office of Rate Intervention is dedicated to representing the best interests of Kentucky consumers before the Kentucky Public Service Commission,” said Attorney General Cameron. “We work hard day in and day out to protect consumers from the burden of utility rate increases, and we appreciate the diligence of the PSC and the thoroughness of its order.”
Duke Energy, the fourth largest electric utility company in the Commonwealth, serves 142,394 customers in Boone, Campbell, Grant, Kenton, and Pendleton Counties.
Duke applied for an electric rate increase of $45.6 million in September 2019. The requested increase would have raised the average Kentuckian’s bill by $15.62, or 16% percent a month.
The Attorney General’s Office of Rate Intervention appeared before the PSC on behalf of Kentucky consumers in an effort to reduce the utility’s requested rates. The Attorney General and his experts demonstrated that Duke’s revenue request was too high, and the PSC adjusted Duke’s revenue increase downward to $24.1 million, saving Kentuckians over $21 million.
The Office of Rate Intervention was joined by the Kroger Company and Northern Kentucky University in opposing Duke’s rates.
To view a copy of PSC’s full order click here.