Ky Attorney General Announces Settlement with East Kentucky Power Cooperative

Limit Rate Increase While Fueling Growth

FRANKFORT, Ky. (Nov. 25, 2025)– Attorney General Russell Coleman announced today a proposed settlement with East Kentucky Power Cooperative (EKPC) to preserve affordable and reliable electricity for more than 570,000 Kentucky homes, farms and businesses across 89 counties.

The proposed settlement, which must be approved by the Public Service Commission, protects Kentuckians from double-digit rate increases that are facing families in other parts of the country. According to the settlement terms, residential customers will see an increase of less than $5 on their monthly bills. EKPC also agreed not to seek another rate increase on families for at least three years.

Attorney General Coleman prioritized both keeping Kentuckians’ rate increases as low as possible and preventing another rate increase for multiple years.

According to the U.S. Energy Information Administration, the average American residential price for electricity has risen nearly 34% since 2020. Kentucky’s residential rate increases are far below the national average, and Attorney General Coleman is fighting to keep double-digit increases out of Kentucky.

“Affordable and reliable energy is Kentucky’s competitive advantage, and it’s the reason so many families are proud to call the Commonwealth home,” said Attorney General Coleman. “This settlement will preserve affordability while also building out our energy capacity to fuel new jobs and economic growth for a generation.”

The proceeds from the settlement will be used to fuel EKPC’s bold growth intended to power Kentucky’s next chapter. The cooperative is embarking on a $2 billion capital investment plan that will build two new power stations and will upgrade an existing coal plant to be co-fired with natural gas.

EKPC is a not-for-profit, rural electric generation and transmission cooperative headquartered in Winchester. It provides services to 16 member cooperatives that cover much of Northern, Central, Southern, and Eastern Kentucky.

Executive Director of the Attorney General’s Office of Rate Intervention John Horne and Assistant Attorney General Larry Cook negotiated the settlement on the behalf of the Commonwealth.