The Louisville Courier Journal is reporting that a typical Kentucky Utilities customer using 1,000 kilowatt hours will see electricity rate increases next year, and eventually rising to $0.0747/kWh by 2016. The driving force behind these increases is to make capital improvements that will bring generating facilities into better conformance with EPA requirements.
As a point of comparison, Vectren Corporation that serves the Evansville area currently has a total rate of $0.1576* or just over double the projected 2016 rate for KU customers.
Louisville Gas & Electric will see rate increases of approximately 18% over the same 5 year period.
http://www.courier-journal.com/article/2011311100055
* Calculated from actual bill that had monthly use of 951 kWh
We are being reamed.
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