Public Service Commission Considering Utility Rate Increase
LEXINGTON, Ky. - Lexingtonians will get a chance to weigh in on a rate increase proposed by Kentucky Utilities Thursday. The Kentucky Public Service Commission plans to hold the public meeting at the Lexington Public Library.
KU has requested a rate hike of about 6.5 percent overall, which would translate to a $7.41 increase in the average monthly bill for residential customers. The total monthly charge would be just shy of $100.
PSC spokesperson Andrew Melnykovych says KU is requesting the rate increase for a variety of reasons, including, "upgrading their electric transmission and distribution systems, some improvements at power plants and also hiring some additional employees, particularly in their customer service operation, and they've also got expenses associated with meeting new federal standards for cyber security for electric transmission systems."
Melnykovych says the meeting will begin with an explanation of the rate-setting process, followed by a Q&A segment. It will be held at 6:30, Thursday night, in the Lexington Public Library’s Farish Theatre.