Rate Increase Approved For Jackson Energy
About 50 thousand Jackson Energy customers in eastern Kentucky will be paying higher rates in March.
The Public Service Commission has approved the Cooperative’s plan for increasing its revenue by four-point-one million dollars over the next few years.
Virginia Carol Wright is Jackson’s president and CEO. She says the increase will be in the utility’s customer charge, not in its kilowatt hour assessment.
Wright says the additional revenue is needed to halt Jackson’s declining financial position. The utility’s users currently pay a customer charge of ten dollars and 44 cents per month. That would increase gradually to 16 dollars and 44 cents by September 2015.
Jackson Energy has customers in Breathitt, Clay, Estill, Garrard, Jackson, Laurel, Lee, Leslie, Madison, Owsley, Powell, Pulaski, Rockcastle and Wolfe Counties.