The state Public Service Commission has ruled that if Kentucky Power Company wins approval of any portion of a proposed 34.5-percent rate increase, the rate hike would not take effect for five months.
Kentucky Power originally asked the Public Service Commission (PSC) to allow the rate increase to take effect on Jan. 15, but later amended the effective date to Feb. 15. In an order entered Jan. 27, the PSC suspended the effective date of any rate increase to July 14, saying that “an investigation will be necessary to determine the reasonableness of the proposed rates and that the investigation cannot be completed by Feb. 15.”
The PSC’s order comes after a number of local government officials and private citizens have objected to the rate increase. The order also says that after the PSC finishes its investigation of Kentucky Power, the agency will then require the power company to advertise the time and date of a public hearing into the matter.