Low Electric Rates Threatened
Frankfort, KY – Kentucky's historically low electric rates are being threatened by a variety of factors including increased competition and federal regulatory changes.
According to a report by the Kentucky Public Service Commission, Kentucky utilities must generate more capacity to accomodate more demand in the state by 2025.
Because of Kentucky's large coal reserves, utilities built huge generating stations to take advantage of the cheap nearby fuel. Many of those stations are aging but still produce 95% of the state's electricity.
According to PSC chairman Mark David Goss, the report says Kentucky must continue to invest in its electric infrastructure while adapting to regulatory and technological changes