Paducah Power rates decrease
The power cost adjustment portion of the rates will go down half a cent per kilowatt hour, versus one cent as initially planned. Since November, the PCA rate has been frozen at 2.15 cents per kilowatt hour as part of the Paducah Rate Recovery Plan.
Starting in July, the PCA rate will drop to 1.65
So, with the base rate at $0.1153 per kilowatt hour and the new PCA rate of $0.01656 per kilowatt hour, customers will pay a total kilowatt hour rate of $0.12809. Since last February, that is a 54 percent reduction in the PCA and about a 12 percent overall drop in customers’ bills.
Paducah Power System Chairman Hardy Roberts says to keep the rates lower in the long term, Paducah Power will have to sell or lease some of its assets.
“We got a lot of power here, and that all costs money. We have to pay that every month,” Harvey said.
Paducah Power has a total capacity of 241 mega-watts, but only use about 80 mega-watts.
Paducah Power General Manager Gary Zheng is working to sell or lease the excess power to prevent any rate increase, but he also stresses that folks should wary of their power usage now, as higher temperatures lead to more air conditioning usage and higher bills.
For people having trouble paying their bills, Paducah Power started Operation Roundup a couple months ago. PPS Spokeswoman Andrea Underwood says it has helped almost 300 customers.
“We have at least one person every day who is taken off our cutoff list just because of Operation Roundup Money,” Underwood said.
Customers can voluntarily check on their bill whether to round it up to the nearest dollar. She says those
The PPS Board voted for a new agreement with
The board also voted to keep Hardy Roberts as chairman.