Kentucky Electric Rate Review
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Improving and modernizing the electric system and power plants that serve Northern Kentucky, investing to serve a growing region, and new programs and options that aim to increase value for customers and communities are some of the key factors behind the regulatory rate review request Duke Energy Kentucky filed with the Kentucky Public Service Commission on Sept. 3, 2019.
The request is for an overall increase of approximately 12.5% averaged across all customer groups. If approved, a residential customer who uses an average of 1,000 kilowatt-hours of electricity each month would pay about $112.08 per month, an increase of about $15.62. Nonresidential customers would see an average increase of approximately 10.1%, though actual bill impacts will vary based on rate type, electric usage and demand.
We understand that energy rate increases are never popular; however, we continually work hard to keep our costs down and rates reasonable. And even with our proposed increase, Duke Energy Kentucky's electric rates will still be among some of the lowest in the tri-state and well below national averages.
The Kentucky Public Service Commission, which regulates utilities in the commonwealth, continues to review our recent request. The commission also hosted a public meeting on Feb. 13 in Edgewood to solicit input from customers and other stakeholders, and conducted an evidentiary hearing on Feb. 19-20 in Frankfort. Once the extensive review process is complete, the commission will make a final decision on our request and adjust rates as appropriate. We expect this entire process to be complete in the first half of 2020.
How a rate case works
- Regulatory filings
- Public meeting on Feb. 13, 2020, in Edgewood, Ky.
- Evidentiary hearing to begin on Feb. 19, 2020
Videos of the public meeting and evidentiary hearing are available on the Kentucky Public Service Commission’s YouTube channel.
About Duke Energy KentuckyDuke Energy Kentucky provides electric service to approximately 142,900 customers in Boone, Campbell, Grant, Kenton and Pendleton counties in Kentucky. The company also delivers natural gas to about 100,000 customers in these counties as well as Bracken and Gallatin counties, though this regulatory rate review does not impact rates for Duke Energy Kentucky's natural gas customers.
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