Coal-fired electricity is one of the reasons Kentucky’s utility rates are among the lowest in the nation. And as new pollution regulations take effect, coal is the reason Kentucky will be among the hardest hit states. Rate increases currently before the Public Service Commission are one sign of the changing tide.
Saturday evening’s storm knocked out power to more than 120,000 area residents, and crews have been working since then to restore electricity. The work will be expensive, and ratepayers will shoulder the burden. Louisville Gas & Electric and Kentucky Utilities have a special account they use to finance storm damages. But in the case of… Continue reading Storm Damage May Lead to Higher Electricity Rates
The Kentucky Public Service Commission is set to hold a hearing Tuesday n rate hikes proposed by Louisville Gas and Electric and Kentucky Utilities. LG&E is requesting to increase electricity rates by about 12 percent and its sister company, Kentucky Utilities, has proposed raising rates by more than 13 percent. If approved, it would mean… Continue reading Commission Holds Hearing on Proposed Rate Increases
A research group in Indiana is predicting the state’s electricity rates could rise 12 percent over the next four years. WFPL’s Elizabeth Kramer has more. The news comes in a new report [pdf] from the State Utility Forecasting Group based at Purdue University. It projects the increase coming by 2013 as coal-fired power plants begin… Continue reading Report: Indiana Electricity Rates Could Rise 12 Percent