Jackson Energy wins approval of rate increase

Jackson Energy Cooperative Corp., which serves more than 50,000 customers in eastern and central Kentucky, has won approval for a rate increase that will occur during the next 18 months.

MGN Online

FRANKFORT, Ky. (AP) - Jackson Energy Cooperative Corp., which serves more than 50,000 customers in eastern and central Kentucky, has won approval for a rate increase that will occur during the next 18 months.

The Kentucky Public Service Commission on Thursday approved the co-op's proposal to increase annual revenue by $4.11 million, or about 4.6 percent. The PSC said the increase is necessary to turn around a decline in Jackson Energy's financial condition.

The PSC said in a news release the monthly customer charge will increase three times beginning next month.

Residential customers' monthly customer charge, currently $10.44, will reach $16.44 in September 2015.

The utility's customers are in Breathitt, Clay, Estill, Garrard, Jackson, Laurel, Lee, Leslie, Madison, Owsley, Powell, Pulaski, Rockcastle and Wolfe counties.

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 This material may not be published, broadcast, rewritten or redistributed.)


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