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Utility fee order helps important investments to strengthen system security, reliability in rising northern Kentucky counties.
CINCINNATI – The Kentucky Public Service Fee (PSC) issued an order on Dec. 28 approving new charges for Duke Power Kentucky’s 102,000 pure fuel prospects, efficient starting in January.
Common residential utilization will end in an approximate 6.27% improve in month-to-month pure fuel payments. The rise will fluctuate relying on the quantity of pure fuel a buyer makes use of, a buyer’s price class and the market worth of pure fuel.
The corporate doesn’t earn any revenue from will increase in gas prices.
Duke Power Kentucky gives fuel service to prospects in Boone, Campbell, Grant, Kenton, Bracken, Gallatin and Pendleton counties. The PSC’s order doesn’t influence electrical charges.
A price settlement was reached with the buyer advocate, the Kentucky lawyer normal, in October, and public conferences and hearings have been held in October in search of public enter.
The PSC’s order largely adopts the settlement with the Kentucky lawyer normal, recognizing the corporate’s investments in its pure fuel supply system. The order additionally permitted a mechanism to mitigate future price changes whereas permitting the corporate to modernize its pure fuel infrastructure underneath relevant federal laws.
“We admire the PSC and the Kentucky Lawyer Normal for giving such considerate consideration to our prospects and to the investments we’ve made to maintain our system secure and dependable for many years to come back,” mentioned Amy Spiller, president of Duke Power Ohio and Kentucky. “We’ve got managed our prices to function and preserve the system almost flat for greater than a decade, and we proceed to concentrate on serving to our prospects higher handle their vitality utilization and scale back their payments.”
In June 2021, Duke Power sought the general public overview of its charges to assist its ongoing investments within the security and reliability of the area’s pure fuel supply system. The Order authorizes a $9.17 million improve in base charges, which is about an 8.21% improve over the corporate’s present income.
The PSC’s price order and different paperwork within the case will be considered right here.
Serving to prospects handle winter payments
Winter brings colder climate, which may convey larger vitality payments. Our money-saving applications, ideas and steering may also help you management your vitality utilization and scale back your vitality payments.
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Duke Power Ohio/Kentucky
Duke Power Ohio/Kentucky, a subsidiary of Duke Power, gives electrical service to about 860,000 residential, industrial and industrial prospects in a 3,000-square-mile service space, and pure fuel service to roughly 538,000 prospects in a 2,650 square-mile service space.
Duke Power (NYSE: DUK), a Fortune 150 firm headquartered in Charlotte, N.C., is one in all America’s largest vitality holding firms. Its electrical utilities serve 7.9 million prospects in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively personal 51,000 megawatts of vitality capability. Its pure fuel unit serves 1.6 million prospects in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The corporate employs 27,500 individuals.
Duke Power is executing an aggressive clear vitality technique to create a better vitality future for its prospects and communities – with objectives of no less than a 50 p.c carbon discount by 2030 and net-zero carbon emissions by 2050. The corporate is a prime U.S. renewable vitality supplier, on observe to personal or buy 16,000 megawatts of renewable vitality capability by 2025. The corporate is also investing in main electrical grid upgrades and expanded battery storage, and exploring zero-emitting energy technology applied sciences equivalent to hydrogen and superior nuclear.
Duke Power was named to Fortune’s 2021 “World’s Most Admired Firms” record and Forbes’ “America’s Greatest Employers” record. Extra data is out there at duke-energy.com. The Duke Power Information Middle comprises information releases, reality sheets, pictures and movies. Duke Power’s illumination options tales about individuals, improvements, neighborhood subjects and environmental points. Observe Duke Power on , LinkedIn, Instagram and Fb.
Media contact: Sally Thelen
Workplace: 513.287.2432
Media line: 800.559.3853
Twitter: @DE_Sallyt
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