Kentucky Power is reportedly set to ask the Kentucky Public Service Commission for
permission to raise rates by about 15% in January.
Last month Kentucky Power notified the PSC they were planning to apply for a rate hike.
Mountain Top News reports they are planning to ask to increase residential rates by 14.9% and commercial and industrial rates by 13-to-15%.
The last rate hike was last year for 10%.
Kentucky Power says they need extra money due to “lost population and industry in Eastern Kentucky” as well as the need to do some upgrades to improve reliability.