Kentucky Power customers pay higher average monthly bills than Wheeling Power customers, even though their power comes from the same plant.
The average monthly residential bill for Kentucky Power customers is $187.56. That’s higher than any of the state’s investor-owned or municipal power companies, or rural electric cooperatives, according to the Energy and Environment Cabinet’s Kentucky Energy Profile.
It’s $50 more than Kentucky Utilities and $74 higher than Louisville Gas & Electric.
It’s $25 higher than Wheeling Power’s West Virginia average monthly bill of $162.43. Electricity for both Wheeling Power and Kentucky Power is generated by the Mitchell Plant in Moundsville.
Kentucky Power and Wheeling Power are owned by American Electric Power, based in Columbus, Ohio.
In late 2021, AEP moved to sell Kentucky Power to Algonquin Power, a Canadian company. Late last year, the Federal Energy Regulatory Commission rejected the sale.
Kentucky Power serves 165,000 customers in part or all of 20 eastern Kentucky counties.
The Mitchell Plant will not produce electricity for Kentucky Power past 2028. That’s because utility regulators in each state made conflicting decisions on whether to upgrade Mitchell to operate longer. West Virginia ratepayers will pay for those upgrades. Kentucky’s will not.
Daniel Cameron, Kentucky’s Attorney General and Republican nominee for governor, supported the Kentucky Public Service Commission’s decision to reject the upgrades to the Mitchell plant.