Kentucky Utilities consumers may finally receive advanced electric meters—sometimes called smart meters—at their homes and businesses. But the new technology will come with a substantial rate increase.
Last week, KU officials announced plans to invest $1.4 billion to “improve safety, reduce outage times and enhance service.” KU wants to install intelligent control equipment on the distribution system that serves homes and neighborhoods, and similar equipment on the high-voltage transmission systems that connect to the national grid.
To pay for that, the company wants to increase revenue by 6.4 percent, raising the typical residential electricity bill by $7.16 a month. The rate increases must first be approved by the Kentucky Public Service Commission, a process that includes public hearings.
To learn more, check out this week’s issue of The Harrodsburg Herald.