Beshear and Eastern KY Lawmakers Opposing AEP/Kentucky Power Rate Increase

On Wednesday, October 4, Attorney General Andy Beshear joined Eastern Kentucky lawmakers, school and local officials, and advocates to announce his Office of Rate Intervention is recommending that the Public Service Commission (PSC) deny AEP/Kentucky Power’s more than $60 million proposed increase. The 16-percent increase, Beshear and the group said, would further devastate the more than 168,500 Kentuckians in the utility’s 20-county service area, which includes Boyd, Breathitt, Carter, Clay, Elliott, Floyd, Greenup, Johnson, Knott, Lawrence, Leslie, Letcher, Lewis, Magoffin, Martin, Morgan, Owsley, Perry, Pike and Rowan counties. Beshear is proposing that AEP forgo the requested increase on ratepayers by implementing stronger controls on spending and by decreasing the amount returned to its shareholders. The attorney general said eastern Kentucky families are already past the breaking point and that the company must manage its needs without placing them on the backs of households, businesses, seniors, schools, and local governments.

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