FRANKFORT, Ky. – Attorney General Daniel Cameron today said that action by his Office of Rate Intervention (ORI) before the Kentucky Public Service Commission (PSC) helped save Kentucky ratepayers nearly $18 million in proposed electrical rate increases.
In June of last year, Kentucky Power Co. filed an application with the PSC seeking approval to increase rates by $70 million, an increase of 13.16%. This would have significantly raised the monthly electrical bill for Kentuckians in the counties served by Kentucky Power.
Cameron intervened in the case in July, and, along with other intervenors, was successful in reducing the overall rate increase by nearly $18 million, or approximately 25%.
Kentucky Power is an investor-owned utility with customers in Boyd, Breathitt, Carter, Clay, Elliott, Floyd, Greenup, Johnson, Knott, Lawrence, Leslie, Letcher, Lewis, Magoffin, Martin, Morgan, Owsley, Perry, Pike and Rowan counties.