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Tue June 8, 2010
PSC Rate Hearing To Continue
By Tony McVeigh
Frankfort, KY – LG&E and KU lowered their requests and now are seeking 189-million dollars in rate hikes, at the same time the utilities are being sold to Pennsylvania Power and Light. But before the hearing, the Public Service Commission denied a motion from the attorney general's office seeking dismissal of the rate cases while the sale is pending. "Yes, we have been dismissed, but they have said it was without prejudice, so we can renew that. Plus, we can explore those issues in these pending rate cases."
That's Assistant Attorney General Dennis Howard, who's representing consumers at the hearing, which is expected to last almost two days. The utilities say they need the rate increases to recoup investments in the Trimble County power plant and recover costs incurred by ice and windstorms in Kentucky.