FRANKFORT — The Kentucky Public Service Commission announced meetings at four locations and a virtual meeting to provide information to the public and allow residents to comment on Kentucky Power’s proposed 18.3% rate increase for residential customers.

The PSC is also accepting written comments ahead of the public hearing on the case Nov. 28.

According to a PSC press release, Kentucky Power requested the new base rates, including 18.3% for residential customers, 8.6% for industrial general service and 12.8% for general service, to create an additional $93,935,727 in annual retail revenues or an increase of approximately 13.6%. “Kentucky Power seeks to finance approximately $470 million in deferred costs through securitized bonds pursuant to recently enacted legislation.”

In-person meetings are set for Catlettsburg, Hazard, Frankfort and Pikeville. Each will feature an information session followed by an opportunity for comments.

In-person meetings

Wednesday, Nov. 8, from 5 p.m. until 8 p.m.: Boyd County Courthouse, 2800 Louisa Road, Catlettsburg.

Thursday, Nov. 9, from 5 p.m. until 8 p.m.:  Perry County Courthouse, 481 Main Street, Hazard.

Thursday, Nov. 16, from 5 p.m. until 8 p.m.: Public Service Commission (includes virtual option) 211 Sower Boulevard, Frankfort.

Monday, Nov. 20, from 5 p.m. until 7 p.m.:  Pike County Courthouse, 146 Main Street, Pikeville.

Virtual meeting

Thursday, Nov. 16, from 5 p.m. until 8 p.m.  Directions to participate will be on the PSC website psc.ky.gov/ before Nov. 16.

Public hearing

The PSC will hold a public hearing on the proposal Tuesday, Nov. 28, at 9 a.m. at 211 Sower Boulevard in Frankfort. Time is available before the hearing begins for public comments. The hearing will be streamed live on the commission’s YouTube channel.

Comments

Comments can be submitted at any time at:
psc.ky.gov/Case/SearchCasesPublicComments.
They can be emailed to PSC.comment@ky.gov, or by mail to P.O. Box 615, Frankfort, KY 40602-0615.

All comments should include the commenter’s name and address, along with the Kentucky Power case number 2023-00159.

More information

Find additional information online:
psc.ky.gov/Case/ViewCaseFilings/2023-00159.

Kentucky Power, headquartered in Ashland, provides service to approximately 163,000 customers in all or part of 20 eastern Kentucky counties.