PPS Updates City Commission
Paducah City Commissioners asked Mayor Gayle Kaler to request a brief from Paducah Power System on the Rate Recovery Plan at last night’s city commission meeting.Commissioner Richard Abraham says the...
View ArticlePPS Evaluates CEO Candidates, Mum on Finalists
Paducah Power Board Members evaluated 12 CEO applicants in a closed meeting today. The board has employed the national search firm, Dowdy Recruiting, to find a new leader for the embattled power...
View ArticleFitch to Lower PPS Credit Rating to Triple B
Paducah Power Systems interim general manager Mark Crisson told the Paducah city commission Tuesday night the credit rating company Fitch plans to announce a downgrade of PPS to triple B.
View ArticlePaducah Power Hires New CEO
The Paducah Power System’s board has named Gary Zheng as its new General Manager. Zheng comes from Lubbock Power and Light in Texas and is credited with turning around the company when near bankruptcy.
View ArticlePPS GM 'Encouraged' by Moody's Bond Rating Downgrade
Moody’s Investor Service has downgraded Paducah Power System’s revenue bond rating, but the beleaguered utility says the new rating is an improvement over a December downgrade from Fitch Ratings.The...
View ArticleKy. Municipal Power Agency Refinances $211 Million in Bonds
Paducah Power System and Princeton Electric will lessen some financial strain after refinancing $211 million in bonds this week.The two utilities make up the Kentucky Municipal Power Agency, which owns...
View ArticlePaducah Power to Begin Offering 'Pay As You Go' Service in February
The Paducah Power System board has approved a new “pay as you go” option for the utility’s customers.PPS ratepayers have seen higher bills in recent years after the system cut ties with the Tennessee...
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