In a significant development in the Kentucky public utility sector, the state's utility regulation board announced today that there will be changes to cost allocation methods for electricity distribution and a new set of renewable energy goals for utilities to meet by 2035.The decision comes after months of discussions and consultations with stakeholders, including utility companies, consumer advocacy groups, and environmental organizations. The Kentucky Public Service Commission (PSC) has been working to find a balance between ensuring affordable and reliable electricity for consumers while also promoting the use of renewable energy sources to combat climate change.One of the key changes in the new regulations is the updated cost allocation method for electricity distribution. The PSC has introduced a new formula that aims to better reflect the actual cost of providing electricity to consumers. This change is expected to result in more equitable distribution of costs among different customer groups and promote efficiency in the electricity grid.Additionally, the PSC has set new renewable energy goals for utilities operating in Kentucky. By 2035, utilities will be required to source at least 30% of their electricity from renewable sources, such as wind, solar, and hydroelectric power. This ambitious goal aims to reduce the state's reliance on fossil fuels and decrease greenhouse gas emissions.The announcement has been met with mixed reactions from stakeholders. While consumer advocacy groups have applauded the PSC's efforts to ensure fair cost allocation and promote renewable energy, some utility companies have expressed concerns about the feasibility of meeting the new renewable energy goals within the given timeframe.In response to these concerns, the PSC has stated that they will work closely with utilities to provide support and resources to help them transition to renewable energy sources. The commission has also emphasized the importance of collaboration between all parties involved to achieve the shared goal of a sustainable and reliable energy future for Kentucky.Overall, the changes in public utility regulation in Kentucky mark a significant step towards a more sustainable and environmentally-friendly energy sector in the state. With the new cost allocation methods and renewable energy goals, Kentucky is poised to lead the way in clean energy innovation and contribute to the global fight against climate change.