|03/04: Senate Bill 118 (SB 118) was enacted so that electric utilities within the state of Kentucky could sell wholesale power to municipal utilities with the consent of the Kentucky Public Utilities Commission.
08/00: The Kentucky Special Task Force on Electricity Restructuring issued its final report on August 10, 2000 to the Governor and the Legislative Research Commission. The report incorporated the final report approved by the Task Force on December 13, 1999, and the four interim reports written by Resource Data International (RDI). According to the report, "there (was) no compelling reason at (the) time for Kentucky to move quickly to restructure."
04/00: Kentucky's 2000 General Assembly reauthorized the Task Force on Electricity Restructuring in Senate Joint Resolution 107 (SJR 107) in April 2000 for the purposes of monitoring developments in electric power restructuring, maintaining knowledge of the issues, studying within the context of low-income assistance, and making recommendations to the 2002 General Assembly. The task force was scheduled to report to the Legislative Research Commission and the Governor no later than November 15, 2001.
01/00: The Task Force on Electricity Restructuring issued its final report on December 13, 1999. The report recommended that no action be taken in 2000 to restructure the industry. Reasons included Kentucky's low rates, which may see greater variability under restructuring.
06/99: A study produced by Resource Data International for the Special Task Force on Electricity Deregulation concluded that retail prices in Kentucky could rise under competition. Kentucky had the third lowest retail prices in the Nation. The Task Force on Electric Restructuring continued to meet and discuss issues. The task force held discussions on reliability of service, consumer protections, unregulated utility businesses, and a review of other States' restructuring activities.
4/99: The PSC issued an order to reduce rates for KU and LG&E subsidiaries. Under a performance-based ratemaking approach, rates will be reduced $52 million over 5 years. While not restructuring for competition, the order should provide efficiency incentives for utilities.