Tuesday, December 23, 2014

Pike Judge Says No to Rate Increase

Pike County Judge-Executive Wayne T. Rutherford spoke out Monday about a proposed 12 percent rate hike by Kentucky Power.

Kentucky Power, a subsidiary of American Electric Power, is seeking a rate adjustment to fund increasing operating costs and investments to meet EPA requirements.

Officials from Kentucky Power recently announced plans to seek nearly $70 million dollars, amounting to a 12.48 percent rate increase for customers. That averages out to about $22 a month per household.

"The leadership must think we are not intelligent people," Rutherford wrote in a news release. "They’re wanting rate payers to pay one-half for a power plant in West Virginia, closing the only coal-fired generating plant in coal rich Eastern Kentucky. Pike County coal production provides around 400,000 tons used in firing the Big Sandy Plant."

The rate increase would help complete Kentucky Power's commitment to purchase half of the coal fired Mitchell power plant in Moundsville, West Virginia.

The rate adjustment request is required to be filed no later than Dec. 29.