FRANKFORT, KY. (WTVQ) – Kentucky’s attorney general says one energy company shouldn’t get the increase it’s asking for, and should actually cut its rates.
Attorney General Andy Beshear says his Office of Rate Intervention is recommending that the Public Service Commission reduce the current rates Duke Energy charges its Kentucky customers by $16 million.
Duke Energy serves several Northern Kentucky counties.
It recently requested a $48.6 million increase in its rates.
But Beshear says that increase be denied and that the current rates Duke charges its Kentucky customers should be reduced by an additional $16 million.
“As Kentuckians have experienced some of the coldest temperatures recently, it’s even more evident that our families simply cannot pay any more,” Beshear said in a press release. “Duke Energy is a sophisticated company that can maintain its infrastructure while still charging a lower rate.”
Duke says the increase is needed to make “critical infrastructure investments” and that it is seeking its first base rate increase in 11 years.