KY Power Reimbursement

Kentucky Power admitted in a Kentucky Public Service Commission filing recently that it overcharged its customers by $3.2 million in January and that the amount would be returned to customers in March via a reduction in the company’s fuel adjustment clause in March.The letter was sent by Brian K. West, Kentucky Power’s vice president of regulatory and finance, in connection with regular filings it is required to make regarding its Fuel Adjustment Clause, which is intended to allow the company to recoup costs connected to fluctuating costs of fuel and power.

Source: MG News

Return to News