Tuesday, December 29, 2009
Kentucky Power Seeking Rate Increase
KENTUCKY....
Kentucky Power Co. is asking the state Public Service Commission to approve a rate increase of nearly 35% officials say is needed to cover the costs of items such as labor, materials and equipment as well as investments in renewable energy...the first base rate increase the company has sought in more than four years. The company says if the PSC approves the request, a typical residential bill for 1,427 kilowatt hours of electricity in a month would rise from $114.57 to $154.62. The increase amounts to 2.81 cents per kilowatt hour.
Kentucky Power Co. is asking the state Public Service Commission to approve a rate increase of nearly 35% officials say is needed to cover the costs of items such as labor, materials and equipment as well as investments in renewable energy...the first base rate increase the company has sought in more than four years. The company says if the PSC approves the request, a typical residential bill for 1,427 kilowatt hours of electricity in a month would rise from $114.57 to $154.62. The increase amounts to 2.81 cents per kilowatt hour.
# posted by Homer Owens @ 10:18 PM 
