The Kentucky Public Service Commission has agreed to allow Big Rivers to raise its electricity rates, but not as much as the utility had wanted.
Big Rivers had asked to increase its annual revenues by about $70 million. The PSC agreed to allow Big Rivers to increase its annual revenues by about $36 million. That translates into a monthly increase of about $15 for the average user. This comes on the heels of a $17 increase Big Rivers received in October. However, customers will not see the second rate increase show up on their bills for about another year.
The two increases come as a result of the loss of two major customers for Big Rivers. Century Aluminum in Hawesville and the Century Aluminum plant in Sebree.
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