Dive Summary:

• Kentucky Power announced Thursday a request to raise its rates by 23% to pay for environmental compliance as the result of coal plant regulation imposed by the U.S. Environmental Protection Agency (EPA).
• The utility is asking to boost revenue by $114 million, which would increase the average household bill by $37 a month.
• “Environmental compliance is an expensive proposition, and we have always said EPA regulations associated with the continued use of coal would come at a high cost to customers,” Kentucky Power President and CEO Greg Pauley stated in a release. “We are trying to manage those costs as best we can.”

From the article:
“The rate increase would recover the costs associated with the anticipated transfer of 40 percent of the ownership of two power generating units from AEP Ohio’s Mitchell Power Plant near Moundsville, W.Va. to Kentucky Power. Both companies are subsidiaries of American Electric Power.”