Kentucky Power asks for nearly 35 pct rate hike

AP News
Posted: Dec 29, 2009 4:54 PM

Kentucky Power is asking the state Public Service Commission to approve a rate increase of nearly 35 percent.

Company spokesman Ronn Robinson says it's 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.

Robinson says the increase is needed to cover the costs of items such as labor, materials and equipment as well as investments in renewable energy.

Kentucky Power is an operating unit of American Electric Power and serves some 175,000 customers in all or parts of 20 eastern Kentucky counties.