Rate Case Roundup: Kentucky
The Kentucky Public Service Commission approved as modified a proffered stipulation pursuant to which an electric utility, Kentucky Power Company, may implement a base rate hike of $12.35 million. The final amount authorized stands in stark contrast to the $65.39 million in additional revenues originally sought by the company. It also marks a significant reduction from the rate terms negotiated by the settling parties, which provided for an increase of $19.45 million.