The Kentucky Public Service Commission is holding a public meeting to discuss Kentucky Utilities Company's proposed 9.6 percent rate increase that would raise a customer’s average monthly bill by $11 dollars.
The increase would generate $153 million annually to pay for administrative work and a gas fired power plant in Jefferson County that’s scheduled to begin operating in May. KU owns 78 percent of the Cane Run power station along with Louisville Gas & Electric, which is also proposing a 2.7 percent rate hike to generate $30 million dollars a year for their share in the project.
The majority of the increase would be seen in the rise of the fixed monthly service charge rather than the charge for amount of energy used. KU customers would see their monthly base charge jump from $10.75 to $18, making it harder for customers to lower their bills by using less energy.
The Kentucky Public Service Commission will hold a meeting in Lexington April 13 for public discussion of the proposed rate increase. The public service commission will begin a hearing April 21 to decide whether to approve the rate hikes.
