Wednesday, June 30, 2010
Kentucky Power Gets 12.5% Increase
KENTUCKY...
The Kentucky Public Service Commission (PSC) today approved a settlement granting Kentucky Power Co. (American Electric Power) an annual revenue increase of $63.7 million (12.5 percent), which is about half the amount sought by the utility. Under the settlement, the average bill for a typical residential customer using 1,430 kilowatt-hours per month (A kilowatt-hour is the amount of electricity used by a 100-watt light bulb in 10 hours.) would rise to more than $134, an increase of about 17 percent from the current average of about $115. Kentucky Power had sought a revenue increase that would have increased the average monthly residential bill to $153, about 34 percent above the current average.
# posted by Homer Owens @ 9:18 AM 
