( CINCINNATI, OH ) -- Duke Energy Kentucky is seeking its first base rate increase in 11 years for its 140,000 electric customers in Boone, Kenton, Campbell, Pendleton, Grant, and Gallatin counties. They say this is to make critical infrastructure investments in its electric generation and delivery systems.
The request has been filed with the Kentucky Public Service Commission (KYPSC) to increase revenue by around $49 million. If approved, beginning on April 1, 2018, residential customers will see an electric rates increase of about 17.4%, while commercial and industrial customers will see an increase of about 13.7%.
The typical residential customer that uses 1,000 kWh of electricity a month would see an increase of $15.17 on their bill. The average bill for residential customers will still be $29 less than the national average.
Duke Energy says that with the increase, their key investments include improving the customer experience, generating cleaner energy, ensuring future capacity, managing coal ash responsibly, and responding to major storms.
For more details on Duke Energy's request, visit duke-energy.com/KyRates.