Paducah Power presented financial audit to Board of Commissioners

During Tuesday night's Paducah Board of Commissioners meeting, Paducah Power System Director of Finance, Power Supply and Rates Doug Handley presented the public power provider’s annual audit report.

The audit shows that Paducah Power’s financial condition is solid.

Regarding rates, Handley said that if the average PPS rate in January 2022 had increased at the rate of annual inflation, it would be 17 percent higher than the current rate.

Handley also discussed the revenue gained in the fiscal year from data mining customers.

In looking ahead, Handley said Paducah Power has two major substation upgrade projects and a fiber-to-the-home project.