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LEXINGTON, Ky. – Just as the case in Texas, where some customers saw their electric bills soar to nearly $10,000 after the recent winter storm, Kentucky’s natural gas market is not regulated.
What You Need To Know
Kentucky Public Service Commission must approve rate increases
Natural gas industry deregulated in 2000
Federal guidelines also apply in Kentucky
Natural gas is second to coal in source of electricity in the Bluegrass State
The price hike in Texas during the storm that left more than 4 million people without power and heat occurred after a dwindling supply and increased demand and use of natural gas sent prices skyrocketing in a place that rarely experiences such weather. Kentucky is no stranger to cold weather and power outages, and even with the way the natural gas industry operates in the Bluegrass State, there are regulations in place to prevent what’s happening in Texas from taking place in the commonwealth.
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