Kentucky Power told to refund $13M to ratepayers

FRANKFORT, Ky. (AP) — The Kentucky Public Service Commission has ordered Kentucky Power to refund about $13 million in over-charges to customers.

The PSC also barred the electric provider from collecting $41 million in additional fuel costs that were to be taken in through May.

The refund will be in the form of credits on future bills. A statement from Attorney General Jack Conway’s office says the average residential customer would save about $155 over a 17-month period.

The PSC also criticized Kentucky Power for failing to disclose additional fuel costs for ratepayers after the 50-percent interest purchase of the Mitchell power plant in West Virginia.

Kentucky Power officials said Friday that they are "disappointed by the suggestion that we purposefully did not disclose all cost information associated with that purchase."

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