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 electric power costs, in the industrial sector, ranked the lowest in the nation for the sixth consecutive year.
Kentucky’s industrial power costs are over 6% lower than any other state east of the Mississippi River and over a third lower than the U.S. average. Electric power in Kentucky is distributed by four investor owned electric utilities, approximately thirty municipal electric systems, nineteen rural electric cooperatives and the Tennessee Valley Authority. Recent average annual costs (cents per KWH) for Kentucky and selected states are shown below.
|
|
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
|
Kentucky |
3.6 |
3.3 |
3.2 |
3.1 |
3.0 |
3.0 |
|
U.S. Average |
5.7 |
5.3 |
5.1 |
4.9 |
5.0 |
4.6 |
|
KY - % of U.S. |
63% |
62% |
63% |
63% |
60% |
65% |
| Selected States | 2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
| Alabama | 4.5 |
4.2 |
4.0 |
3.8 |
3.8 |
3.9 |
| Arkansas | 4.7 |
4.2 |
4.0 |
4.0 |
4.4 |
4.2 |
| Georgia | 5.3 |
4.4 |
4.0 |
4.0 |
4.3 |
4.1 |
| Illinois | 4.6 |
4.7 |
4.9 |
5.0 |
4.9 |
5.0 |
| Indiana | 4.4 |
4.1 |
3.9 |
4.0 |
4.1 |
3.8 |
| Michigan | 5.3 |
4.9 |
5.0 |
5.0 |
5.1 |
5.1 |
| Mississippi | 5.4 |
4.8 |
4.5 |
4.4 |
4.4 |
4.1 |
| Missouri | 4.5 |
4.6 |
4.5 |
4.4 |
4.4 |
4.4 |
| N. Carolina | 5.0 |
4.9 |
4.8 |
4.7 |
4.7 |
4.6 |
| Ohio | 5.1 |
4.9 |
4.8 |
4.7 |
4.3 |
4.4 |
| S. Carolina | 4.6 |
4.1 |
4.0 |
3.9 |
3.9 |
3.7 |
| Tennessee | 4.7 |
4.5 |
4.3 |
4.2 |
4.1 |
4.1 |
| Virginia | 4.5 |
4.3 |
4.2 |
4.1 |
4.2 |
3.9 |
| W. Virginia | 3.9 |
3.8 |
3.8 |
3.8 |
3.7 |
3.8 |
Source: Energy Information Administration/Electric Power Annual 2005. Rates are in Cents per KWH. 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 Kentucky can be provided by the Kentucky Cabinet for Economic Development, upon receipt of detailed electric power requirement figures.
February 2007
Younger Associates