ASHLAND,
Ky., March 13, 2025 /PRNewswire/ -- Kentucky
Power President Cindy Wiseman issued the following statement
in response to the complaint filed by Kentucky's Attorney General and the Public
Service Commission with the Federal Energy Regulatory Commission
March 12 and the associated news
release:
"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 Kentucky and the
region. A strong transmission grid provides our customers and
communities with increased reliability and access to low-cost
generation resources. The claim that our rates are the highest in
the Commonwealth is simply untrue. In fact, Kentucky Power customer
rates are lower today than they were in 2022, the year referred to
in the press release. For more than 100 years, we have served
eastern Kentucky, and we take our
responsibility to serve our customers and communities
seriously.
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 Kentucky. Kentucky
Power and our more than 235 employees want our 162,000 customers to
benefit from economic development opportunities in the region, and
electric infrastructure is an important piece of that puzzle.
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
Kentucky's future."
About Kentucky Power
Kentucky Power, headquartered in Ashland, Ky., provides service to
approximately 162,000 customers in all or part of 20 eastern
Kentucky counties. Kentucky Power
is part of American Electric Power (Nasdaq: AEP), which is
investing $54 billion from 2025
through 2029 to enhance service for customers and support the
growing energy needs of our communities. We are focused on safety
and operational excellence, creating value for our stakeholders and
bringing opportunity to our service territory through economic
development and community engagement.
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SOURCE Kentucky Power Company
