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FBI offers $50,000 reward in search for Brown University shooting suspect; Rob and Michele Reiner's son 'responsible' for their deaths, police say; Are TX charter schools hurting the education system? IL will raise the minimum age to jail children in 2026; Federal aid aims to help NH farmers offset tariff effects.

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Gun violence advocates call for changes after the latest mass shootings. President Trump declares fentanyl a weapon of mass destruction and the House debates healthcare plans.

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Farmers face skyrocketing healthcare costs if Congress fails to act this month, residents of communities without mental health resources are getting trained themselves and a flood-devasted Texas theater group vows, 'the show must go on.'

Kentucky Power rate hike: What eastern KY residents, businesses should know

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Monday, February 26, 2024   

Many eastern Kenuckians will see their monthly energy bills increase by around $8 per month, after a ruling last month by the state's utility regulator greenlighting rate hikes for homeowners, renters, and businesses in the region.

The Public Service Commission struck down an initial request for an 18% rate hike for homeowners.

Seth Long, executive director of the nonprofit Homes Incorporated, said he is grateful regulators decided to cap the increase, but small businesses will see their rates spike about 10%. He is worried about the economic impact on local communities.

"This is one of the most difficult regions in the country to run a small business," Long asserted. "I'm very concerned about our small businesses in Eastern Kentucky and this rate hike."

Kentucky Power said a dwindling population and loss of industrial customers in its service region are driving up rates. Residents can file public comments on the company's outline of its plans for the next 15 years through Kentuckians for Energy Democracy.

According to state data, eastern Kentucky residents already pay the highest average energy bill in the Commonwealth, at around $187 per month.

Josh Bills, senior energy analyst for the Mountain Association, said his organization's clients - businesses, nonprofits and local governments in the region - will pay an additional $600,000 per year for their electricity, on top of taxes and surcharges. He added ratepayers need more resources to deal with the unique challenges facing eastern Kentucky, including investments in renewable energy.

"In combination with a lot of home-energy improvements, efficiency improvements, having policies where customers can cost-effectively offset their loads so that load is available to others," Bills outlined.

The Public Service Commission also approved a provision which would extend the amount of time customers have to pay their bills from 15 days after billing to 21 days, and it approved language limiting when residential customers can be disconnected for nonpayment.

Disclosure: The Mountain Association contributes to our fund for reporting on Community Issues and Volunteering, Consumer Issues, Environment, and Rural/Farming Issues. If you would like to help support news in the public interest, click here.


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