FRANKFORT, Ky. (WMDJ) — In a press release, Kentucky Attorney General Russell Coleman says a proposed settlement with East Kentucky Power Cooperative would keep electric bills lower for hundreds of thousands of Kentuckians.
The agreement, which still needs approval from the Public Service Commission, affects more than 570,000 homes, farms, and businesses served by EKPC across 89 counties. Under the proposal, residential customers would see their bills rise by less than $5 a month. EKPC has also agreed not to seek another rate increase for at least three years.
State officials say the settlement prevents the double-digit increases seen in other parts of the country. National data from the U.S. Energy Information Administration shows average electricity prices have climbed nearly 34 percent since 2020, while Kentucky’s increases remain below the national trend.
According to the Attorney General’s Office, the added revenue from the settlement will support EKPC’s long-term expansion plans. The cooperative is preparing a $2 billion capital program that includes building two new power stations and upgrading an existing coal unit to run with natural gas.
EKPC, based in Winchester, provides generation and transmission services to 16 member co-ops throughout much of Northern, Central, Southern, and Eastern Kentucky. For Eastern Kentucky, co-ops include Big Sandy RECC. To see the other co-ops throughout the state, you can follow the link here.
