WKYT | Lexington, Kentucky | News, Weather, Sports

Commission approves Big Rivers rate increase

FRANKFORT, Ky. (AP) - Rates will increase for customers of Big Rivers Electric Corp. after the departure of Century Aluminum smelter in Sebree in western Kentucky from the utility's system but not by as much as the utility requested.

The Kentucky Public Service Commission also agreed to let Big Rivers use reserve funds to fully offset the increases, meaning customers won't realize the increases until next year.

After that, residential customers' monthly bills will increase by about $15 on average.

The PSC's order Friday authorizes Big Rivers to increase revenue by more than $36 million from remaining customers, or about 14 percent. The PSC said the amount is about half what Big Rivers requested.

The PSC also approved pass-through rate increases for the three distribution cooperatives that purchase power from Big Rivers.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 256952681 - wkyt.com/a?a=256952681