Office of the Attorney General
Attorney General Greg Stumbo Challenges Duke Energy of Kentucky’s Rate Increase Request for $66.6 Million

Press Release Date:  Wednesday, September 13, 2006  
Contact Information:  Vicki Glass, 502-696-5643 Office  

Attorney General Stumbo filed documents today challenging a request for an increase in rates by the Union Light, Heat and Power Company (Duke Energy Kentucky, Inc.). Duke has filed a case before the Public Service Commission (PSC) requesting an annual increase of approximately $66.6 million.

Attorney General Stumbo argues that the company is not entitled to more than $21.1 million, $45.5 million less than the company wants.

“While an increase is justified, the amount requested by Duke is completely beyond the realm of reasonableness,” Stumbo said. “Duke must understand that just because it is a large company and has recently purchased Union, it cannot come into Kentucky and demand outrageous profits. The fact that Duke, after buying Union less than a year ago, would ask for this type of increase is totally unacceptable and should be denied.”

Duke Energy Kentucky serves almost 130,000 customers in five northern Kentucky counties.

In the last 2 ½ years, Attorney General Stumbo has successfully reduced requested utility rate increases by more than $75 million.