Electric

Electric service in Northern Kentucky is provided by two companies – Duke Energy and Owen Electric Cooperative.

Duke Energy

Duke Energy (formerly Cinergy Corporation), headquartered in Charlotte, NC., serves 1.6 million electric customers and about 500,000 gas customers in a 25,000-square-mile service territory encompassing Ohio, Kentucky and Indiana.

Duke Energy entered the Northern Kentucky, Ohio and Indiana markets in April 2006 through a merger with Cinergy Corp.

A comparison of rates to the U.S. average follows:

Average Cost per kWh
Hrs. Use of Demand/Month	DS Rate Cents / kWh	DP Rate Cents / kWh	DT Rate Cents / kWh	TT Rate Cents / kWh
First 6,000 kWh	$0.06896	-	-	-
Next 300 kWh/kW	$0.04210	$0.04252	-	-
Additional kWh	$0.03497	$0.03510	-	-
All kWh	-	-	$0.3519	$0.3485
All kilowatt-hours shall be subject to an adjustment per kilowatt hour in accordance with the Fuel Cost Adjustment
(Source: Duke Energy, 2006)

Duke Energy Fuel Cost Adjustment

Duke Energy Kentucky is seeking approval from Kentucky utility regulators for three programs that will encourage economic development through reductions in electric rates for use of unoccupied buildings, brownfield sites, major expansions and new businesses. Complete information is included in the local incentives tab.

Owen Electric Cooperative

A consumer-owned electric distribution corporation, serving most of the nine north-central Kentucky counties.

OEC serves the suburban and rural areas of the three-county area.

Service reliability, along with bench mark efficiency, have allowed OEC to reduce rates in excess of 14% since 1983.