- Mission
Statement - Rate
Determination
- Board of
Directors - Taxes
Paid - Contributions
Made
| Mission Statement |
The Princeton Electric Plant Board is a community-owned enterprise providing electric services to the Princeton area. We are committed to improving the economic and environmental quality of the community in partnership with our customers, providing reliable electric power at the lowest rates achievable through innovation, efficiency, and professional operations. |
| Who Determines the Rate? |
In Princeton, Kentucky, a five member board of directors regulates rates. The municipal’s manager and board of directors determine when the municipal needs a rate increase, and how much is needed. After hours of audits, reviews, and research, the board of directors officially makes its decision and approves only what it deems to be absolutely necessary. Rate increases are a serious matter. Your municipal’s board of directors and manager study all financial options carefully before any approval.
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| Board of Directors |
A Board of Directors, composed of five customers, governs Princeton EPB. Directors are appointed by Princeton City Council. They are elected to serve four-year terms. Those presently serving as directors are:
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| Taxes Paid |
Customers of Princeton EPB (PEPB) receiving electric service pay a school tax of 3% on their electric usages. Commercial customers pay an additional 6% sales tax. PEPB pays 5% in lieu of taxes to TVA. |
| Contributions |
| PEPB makes several contributions to the community. Details coming soon. |













