Kentucky Power is responding to a filing last week by Attorney General Russell Coleman that opposed a potential granting of ANY rate increase to the company by the Kentucky Public Service Commission.
Kentucky Power had initially requested a 15 percent hike in the rate you pay for electricity.
However, during the PSC review, the company agreed to “settle” on a rate hike of 11.9 percent for residential customers.
The hike would be spread out over three years, with the biggest chunk, 7 percent, coming in the first year, 2027.
Kentucky Power called Coleman’s opposition “boisterous, lacking substantive solutions, and only raising more questions.”