Statement Regarding the FERC Complaint and Press Release Issued by the Kentucky Attorney General and Public Service Commission
Kentucky Power has issued a response to a complaint filed with the Federal Energy Regulatory Commission by Kentucky's Attorney General and Public Service Commission. The company strongly disputes claims about their transmission investments and rate levels, stating that current customer rates are actually lower than in 2022.
The company, serving approximately 162,000 customers across 20 eastern Kentucky counties, emphasizes that their transmission investments benefit customers through increased reliability and access to low-cost generation resources. Their parent company, American Electric Power (AEP), plans to invest $54 billion from 2025 through 2029 to enhance customer service and support community energy needs.
Kentucky Power, with over 235 employees, maintains its commitment to economic development in eastern Kentucky and offers solutions for customers to manage energy costs. The company expressed willingness to collaborate with government and regulatory partners to address electricity cost concerns.
Kentucky Power ha emesso una risposta a un reclamo presentato alla Federal Energy Regulatory Commission dal Procuratore Generale del Kentucky e dalla Commissione per i Servizi Pubblici. L'azienda contesta fermamente le affermazioni riguardanti i loro investimenti nella trasmissione e i livelli tariffari, affermando che le attuali tariffe per i clienti sono in realtà inferiori a quelle del 2022.
L'azienda, che serve circa 162.000 clienti in 20 contee dell'est del Kentucky, sottolinea che i loro investimenti nella trasmissione avvantaggiano i clienti attraverso una maggiore affidabilità e accesso a risorse di generazione a basso costo. La loro società madre, American Electric Power (AEP), prevede di investire 54 miliardi di dollari dal 2025 al 2029 per migliorare il servizio clienti e supportare le esigenze energetiche della comunità.
Kentucky Power, con oltre 235 dipendenti, mantiene il suo impegno per lo sviluppo economico nell'est del Kentucky e offre soluzioni per aiutare i clienti a gestire i costi energetici. L'azienda ha espresso la sua disponibilità a collaborare con partner governativi e regolatori per affrontare le preoccupazioni sui costi dell'elettricità.
Kentucky Power ha emitido una respuesta a una queja presentada ante la Comisión Federal Reguladora de Energía por el Fiscal General de Kentucky y la Comisión de Servicios Públicos. La empresa disputa firmemente las afirmaciones sobre sus inversiones en transmisión y niveles de tarifas, afirmando que las tarifas actuales para los clientes son, de hecho, más bajas que en 2022.
La empresa, que atiende aproximadamente a 162,000 clientes en 20 condados del este de Kentucky, enfatiza que sus inversiones en transmisión benefician a los clientes a través de una mayor confiabilidad y acceso a recursos de generación de bajo costo. Su empresa matriz, American Electric Power (AEP), planea invertir 54 mil millones de dólares entre 2025 y 2029 para mejorar el servicio al cliente y apoyar las necesidades energéticas de la comunidad.
Kentucky Power, con más de 235 empleados, mantiene su compromiso con el desarrollo económico en el este de Kentucky y ofrece soluciones para que los clientes gestionen los costos de energía. La empresa expresó su disposición a colaborar con socios gubernamentales y reguladores para abordar las preocupaciones sobre los costos de electricidad.
켄터키 파워는 켄터키 주 검찰총장과 공공 서비스 위원회가 연방 에너지 규제 위원회에 제출한 불만에 대한 응답을 발표했습니다. 이 회사는 전송 투자 및 요금 수준에 대한 주장에 강력히 반박하며, 현재 고객 요금이 실제로 2022년보다 낮다고 밝혔습니다.
이 회사는 동부 켄터키의 20개 카운티에서 약 162,000명의 고객에게 서비스를 제공하며, 그들의 전송 투자가 고객에게 더 높은 신뢰성과 저렴한 발전 자원에 대한 접근을 통해 혜택을 준다고 강조합니다. 그들의 모회사인 아메리칸 일렉트릭 파워(AEP)는 2025년부터 2029년까지 고객 서비스 개선 및 지역 사회 에너지 요구를 지원하기 위해 540억 달러를 투자할 계획입니다.
켄터키 파워는 235명 이상의 직원이 있으며, 동부 켄터키의 경제 개발에 대한 헌신을 유지하고 고객이 에너지 비용을 관리할 수 있는 솔루션을 제공합니다. 이 회사는 전기 요금 문제를 해결하기 위해 정부 및 규제 파트너와 협력할 의사를 표명했습니다.
Kentucky Power a publié une réponse à une plainte déposée auprès de la Commission fédérale de réglementation de l'énergie par le procureur général du Kentucky et la Commission des services publics. L'entreprise conteste fermement les allégations concernant ses investissements dans la transmission et les niveaux tarifaires, affirmant que les tarifs actuels pour les clients sont en réalité inférieurs à ceux de 2022.
L'entreprise, qui sert environ 162 000 clients dans 20 comtés de l'est du Kentucky, souligne que ses investissements dans la transmission profitent aux clients grâce à une fiabilité accrue et un accès à des ressources de génération à faible coût. Sa société mère, American Electric Power (AEP), prévoit d'investir 54 milliards de dollars entre 2025 et 2029 pour améliorer le service client et soutenir les besoins énergétiques de la communauté.
Kentucky Power, avec plus de 235 employés, maintient son engagement en faveur du développement économique dans l'est du Kentucky et propose des solutions pour aider les clients à gérer les coûts énergétiques. L'entreprise a exprimé sa volonté de collaborer avec des partenaires gouvernementaux et réglementaires pour aborder les préoccupations concernant les coûts de l'électricité.
Kentucky Power hat auf eine Beschwerde reagiert, die von dem Generalstaatsanwalt von Kentucky und der Kommission für öffentliche Dienste bei der Federal Energy Regulatory Commission eingereicht wurde. Das Unternehmen bestreitet entschieden die Behauptungen über ihre Übertragungsinvestitionen und Tarifniveaus und erklärt, dass die aktuellen Kundenpreise tatsächlich niedriger sind als im Jahr 2022.
Das Unternehmen, das etwa 162.000 Kunden in 20 östlichen Grafschaften von Kentucky bedient, betont, dass ihre Übertragungsinvestitionen den Kunden durch erhöhte Zuverlässigkeit und Zugang zu kostengünstigen Erzeugungsressourcen zugutekommen. Ihr Mutterunternehmen, American Electric Power (AEP), plant, von 2025 bis 2029 54 Milliarden Dollar zu investieren, um den Kundenservice zu verbessern und die Energiebedürfnisse der Gemeinschaft zu unterstützen.
Kentucky Power, mit über 235 Mitarbeitern, bekräftigt sein Engagement für die wirtschaftliche Entwicklung im östlichen Kentucky und bietet Lösungen an, damit Kunden die Energiekosten verwalten können. Das Unternehmen hat seine Bereitschaft erklärt, mit Regierungs- und Regulierungsbehörden zusammenzuarbeiten, um die Bedenken hinsichtlich der Stromkosten anzugehen.
- Customer rates are lower compared to 2022 levels
- Parent company AEP commits to substantial $54 billion investment plan (2025-2029)
- Strong transmission infrastructure provides access to low-cost generation resources
- Regulatory challenges from Kentucky Attorney General and Public Service Commission
- Concerns raised about transmission investments and rate levels
Insights
The regulatory complaint filed by Kentucky's Attorney General and Public Service Commission against Kentucky Power represents a notable regulatory challenge for American Electric Power (AEP). While regulatory disputes are not uncommon in the utility sector, escalation to the federal level via FERC indicates meaningful tensions between the company and Kentucky officials.
The complaint appears focused on transmission investments and rate structures, with Kentucky officials likely questioning whether these investments truly benefit local ratepayers as Kentucky Power claims. From an investment perspective, this represents a contained risk rather than a systemic threat to AEP's operations. Kentucky Power serves approximately 162,000 customers - a relatively small portion of AEP's overall customer base across multiple states.
While regulatory complaints can sometimes lead to financial penalties or required rate adjustments, these matters typically resolve through negotiated settlements. The fact that Kentucky Power points to decreasing rates since 2022 provides some evidence supporting their position. Most importantly, transmission investments generally receive favorable regulatory treatment as they enhance grid reliability and stability.
AEP's substantial
For investors, this situation represents a manageable regulatory challenge rather than a material financial threat to AEP. Utility regulatory disputes typically create headline risk that exceeds actual financial impact, particularly when to a single state jurisdiction within a multi-state utility holding company structure.
"Kentucky Power strongly disagrees with the claims made by the Attorney General and PSC and has demonstrated in previous commission proceedings that our customers benefit from transmission investments in
Our commitment to our customers is shared by our parent company, American Electric Power. AEP's new CEO has visited our state five times in his first few months with the company to listen and learn from state and local leaders, share ideas to reduce rates through legislation and explore ways to be a partner in the redevelopment of eastern
We understand that affordability is important to our customers, and we encourage customers to contact us for assistance managing their energy costs. We have offered solutions to lower customer bills and will continue to look for opportunities legislatively and with our regulators. We welcome the opportunity to work with our government and regulatory partners to find productive solutions to reduce the impact of electricity costs and power eastern
About Kentucky Power
Kentucky Power, headquartered in
View original content to download multimedia:https://www.prnewswire.com/news-releases/statement-regarding-the-ferc-complaint-and-press-release-issued-by-the-kentucky-attorney-general-and-public-service-commission-302401070.html
SOURCE Kentucky Power Company
FAQ
What is the size of AEP's planned investment from 2025 through 2029?
How many customers does Kentucky Power serve in eastern Kentucky?
What is the current trend in Kentucky Power's customer rates compared to 2022?
How many employees does Kentucky Power currently have?
What is Kentucky Power's response to the FERC complaint filed by Kentucky's AG and PSC?
