David Zoeller in the Paducah Sun:
The Paducah Power System board plans to lower its Power Cost Adjustment on Monday to provide some relief to its ratepayers, though not as much as utility officials had hoped.
Paducah Power has been adding a PCA – a variable cost added to the base rate imposed to offset the utility’s cost of buying wholesale power – to customer’s bills since November 2013.
Paducah Power’s rates are the highest in the state due mainly to the past poor performance of Prairie State and the utility’s large debt as an owner/investor in the Illinois coal-fired power plant project. The rates sparked outrage in the community and led to the resignation of the utility’s former board chairman and general manager last September.