On Jan. 14, the Kentucky Public Service Commission (PSC) granted a rate increase to Winchester-based East Kentucky Power Cooperative (EKPC), the wholesale electric power supplier for Big Sandy RECC and 15 other member cooperatives.
The PSC approved the rate increase for service rendered on and after Jan. 14, 2011. EKPC sought the rate increase to strengthen its financial condition and continue building equity.
East Kentucky Power’s primary lending institution is RUS (Rural Utilities Service). RUS has suspended all lending for any coal related generation projects. As a result East Kentucky Power has been forced to turn to the open competitive financial market which requires stronger financial positions and more equity.
“The board and management of Big Sandy RECC feels that this is an unfair political attack on the coal industry,” said David Estepp.
“Please join us in the fight to protect and preserve the coal industry. We encourage you to contact your politicians in Washington, D.C. and express your concerns about coal,” said David Estepp.
Rep. Hal Rogers: (202) 225-4601
Senator Mitch McConnell: (502) 582-6304
Senator Rand Paul: (270) 904-4862
“As a not-for-profit cooperative, Big Sandy RECC must pass along this increased cost from our power supplier to retail members,” said Bruce Aaron Davis. “This rate increase will add about $4.80 to the typical residential monthly bill.
As a result of the PSC decision, Big Sandy RECC’s average residential member rates increased by about 3.53% effective Jan. 14.
“We understand that households and businesses are facing higher costs,” said Big Sandy RECC. “Similarly, Big Sandy RECC is experiencing higher costs. Our co-op is doing everything possible to reduce expenses.”
The PSC conducted a public hearing on the case in December prior to announcing its decision.
Big Sandy RECCurges members to take advantage of energy audits, hvac tune ups and other energy-saving programs. These programs can help homeowners and business owners to cope with rising energy costs.
