Utilities
Henderson's industrial power costs are the lowest in the nation ... nearly 20% lower than any other place east of the Mississippi River and over a third lower than the U.S. average.
Kentucky’s industrial power costs are the 3rd lowest when compared to states east of the Mississippi River and are almost 30 percent lower than the U.S. average. Electric power in Northwest Kentucky is distributed by an investor owned electric utility (Kentucky Utility), two municipal electric systems (Henderson Municipal Power & Light and Providence Municipal), and one rural electric cooperative (Kenergy/Big Rivers). Recent average annual costs (cents per KWH) for Kentucky and selected states are shown below.
|
|
2008
|
2007
|
2006
|
2005
|
2004
|
2003
|
|
Kentucky
|
4.8
|
4.5
|
4.1
|
3.6
|
3.3
|
3.2
|
|
U.S. Average
|
6.8
|
6.4
|
6.2
|
5.7
|
5.3
|
5.1
|
|
KY - % of U.S.
|
71%
|
70%
|
66%
|
63%
|
62%
|
63%
|
| Selected States |
2008
|
2007
|
2006
|
2005
|
2004
|
2003
|
| Alabama |
6.1
|
5.3
|
4.9
|
4.5
|
4.2
|
4.0
|
| Arkansas |
5.9
|
5.3
|
5.2
|
4.7
|
4.2
|
4.0
|
| Georgia |
6.7
|
5.5
|
5.4
|
5.3
|
4.4
|
4.0
|
| Illinois |
4.5
|
6.6
|
4.7
|
4.6
|
4.7
|
4.9
|
| Indiana |
5.5
|
4.9
|
5.0
|
4.4
|
4.1
|
3.9
|
| Michigan |
6.7
|
6.5
|
6.1
|
5.3
|
4.9
|
5.0
|
| Mississippi |
6.6
|
5.8
|
5.9
|
5.4
|
4.8
|
4.5
|
| Missouri |
4.9
|
4.8
|
4.6
|
4.5
|
4.6
|
4.5
|
| N. Carolina |
5.5
|
5.5
|
5.2
|
5.0
|
4.9
|
4.8
|
| Ohio |
6.2
|
5.8
|
5.6
|
5.1
|
4.9
|
4.8
|
| S. Carolina |
5.4
|
4.8
|
4.7
|
4.6
|
4.1
|
4.0
|
| Tennessee |
6.3
|
5.2
|
5.2
|
4.7
|
4.5
|
4.3
|
| Virginia |
5.8
|
5.1
|
4.7
|
4.5
|
4.3
|
4.2
|
| W. Virginia |
4.2
|
4.0
|
3.7
|
3.9
|
3.8
|
3.8
|
Source: Energy Information Administration/Electric Power Annual 2008. Rates are in Cents per KWH.
Released January 21, 2010.
Power costs in Kentucky vary with the demand load, power usage, service equipment provided, and the distributor providing the services. Cost estimates for specific locations in Northwest Kentucky can be provided by Northwest Kentucky Forward, upon receipt of detailed electric power requirement figures.
February 2010