Relief not coming soon for Paducah electric bills

PADUCAH, Ky. (AP) — An electric provider in western Kentucky has a plan to relieve ratepayers of some of the state’s most expensive electric rates, but it won’t go into effect until next summer.

The plan approved by the Paducah Power System board Wednesday will hold a fee paid by customers at its current level and then lower it in July. The board plans to drop the fee, called a power cost adjustment, from a little over 2 cents per kilowatt hour to about a half-cent by July.

The Paducah Sun (http://bit.ly/1v8GpiX ) reports the fee helps make Paducah Power electric bills some of Kentucky’s costliest.

Paducah Power is saddled by debt from its investment in a southwestern Illinois coal plant, which ended up costing about $4 billion to develop — twice the original estimate.

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