Cumberland Valley Electric announces rate increase

January 24, 2015

By Bobbie Poynter


Cumberland Valley Electric members can expect to see an increase on their bill beginning this month.

The rate increase took affect Jan. 16 when the Kentucky Public Service Commission (PSC) granted the coop a rate adjustment of about $968,000, or 2.43 percent. This is the first base rate increase granted to Cumberland Valley since 2006, and only the second since 1980.

Residential customers will see the increase solely in their monthly customer charge, which will rise by $2.99, to $8.73 from $5.74. For a typical customer, the total monthly bill will increase by about 2.9 percent.

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