Monday, January 26, 2015

Kentucky Power told to refund $13M to Eastern Kentucky customers

The Kentucky Public Service Commission has ordered Kentucky Power to refund about $13 million in over-charges to customers.

The PSC also barred the electric provider from collecting $41 million in additional fuel costs that were to be taken in through May.

The refund will be in the form of credits on future bills. A statement from Attorney General Jack Conway's office says the average residential customer would save about $155 over a 17-month period.

The PSC also criticized Kentucky Power for failing to disclose additional fuel costs for ratepayers after the 50-percent interest purchase of the Mitchell power plant in West Virginia.