Princeton Electric Plant Board

What Princeton Electric Plant Board does

Princeton Electric Plant Board (PEPB) is a community-owned municipal electric utility, established in 1961 and headquartered at 304 East Legion Drive, Princeton, Kentucky. It distributes electricity to residential, commercial, and industrial customers within an approximately 10-square-mile service territory, reporting strong reliability metrics including an Average Service Availability Index (ASAI) of 99.9979% and a System Average Interruption Duration Index (SAIDI) of 10.8965 minutes. The utility is governed by a five-member board of directors appointed by Princeton City Council and operates without outside equity ownership, as a city-owned enterprise accountable to local government.

The company's revenue streams include Residential (RS), Commercial GSA1/GSA2/GSA3, and Security Lighting electric tariffs, with rates last updated effective July 1, 2021. Beyond core electric distribution, PEPB operates PEPB FiberNet, a commercial fiber optic internet service offering speeds up to 300 Mbps with 99.9% reliability, and supports a Renewable Energy Program, levelized budget billing, and bank draft auto-pay. Operational technology includes Automated Meter Reading (AMR), reliability indices monitoring (SAIDI/SAIFI/CAIDI/ASAI), and customer-facing iOS/Android applications and an online portal built on the UtilityNexus platform.

PEPB generates revenue through subscription-style monthly billing consisting of fixed customer charges plus consumption-based kWh and demand charges, with retail rate regulation rather than market-based pricing. Its go-to-market is purely direct-to-consumer within its franchise territory, supplemented by association memberships with KMPA, AMP, APPA, TVPPA, and KMUA that provide coordinated power procurement and advocacy. The organization has received APPA Reliable Public Power Provider (RP3) recognition and participates in the EPA Energy Star program, signaling operational and environmental stewardship credentials.

Name

Princeton Electric Plant Board

Legal name

Princeton Electric Plant Board

Website

https://pepb.net

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

11–50 employees

Short description

Princeton Electric Plant Board is a community-owned municipal electric utility distributing power to residential and commercial customers across Princeton, Kentucky, and additionally offers commercial fiber internet via PEPB FiberNet.

Ownership category

akta.pro rank

Product category

Municipal Electric Utility Services

NAICS

Electric Power Distribution (221122), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

Keywords

• Municipal electric utility
• Electric distribution services
• Fiber internet service
• Utility billing management
• Security lighting service

Headquarters

HQ city

Princeton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Supply Chain, Technology or R&D, Operations

Revenue model

1. Residential Electric Service: Monthly fixed customer charge plus consumption-based kWh pricing for residential customers
2. Commercial Electric Service: Tiered commercial rates (GSA1, GSA2, GSA3) with customer charges, demand charges (kW), and consumption charges (kWh)
3. Security Lighting Service: Monthly fixture charges for LED, Mercury Vapor, and High Pressure Sodium security lights with optional wood pole rental
4. Commercial Internet (PEPB FiberNet): Fiber optic internet service for commercial customers with tiered pricing based on speed packages

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Princeton Electric Plant Board is a community-owned municipal utility that distributes electricity to residential and commercial customers in the Princeton, Kentucky area under tiered rate schedules (RS for residential; GSA1, GSA2, GSA3 for commercial). It also offers PEPB FiberNet fiber optic internet for commercial customers and outdoor security lighting, supported by automated meter reading and online billing tools.

Product overview

Princeton Electric Plant Board operates as a community-owned electric utility providing a unified portfolio of electric distribution services and fiber internet. The core offering consists of residential (RS) and commercial (GSA1/GSA2/GSA3) electric services with tiered rate structures. These are supplemented by PEPB FiberNet commercial fiber internet, outdoor security lighting with LED and HPS options, renewable energy programs, and various billing services including online payment via UtilityNexus, levelized billing for residential customers, and automatic bank draft options. All services share the common infrastructure of the utility grid and benefit from the company's 99.9%+ service availability.

Differentiator

Problem solved

Functional benefit

Brands

• PEPB FiberNet: High-speed fiber optic internet service for commercial customers with speeds up to 300Mbps, 99.9% reliability, and local support. Prices starting at $69.95/Mo (15x15Mbps).

Products and services

• Electric Distribution Services Community-owned electric utility providing power distribution to residential and commercial customers in the Princeton, KY area with reliability indices including SAIDI of 10.8965 minutes and ASAI of 99.9979%.
• Residential Electric Service (RS) Retail electric service for residential customers with a monthly customer charge of $22.25 and an energy rate of $0.12311 per kWh, with 3% school tax on electric usage, effective July 1, 2021.
• Commercial Electric Service (GSA1, GSA2, GSA3) Tiered commercial electric service including GSA1 ($36.85 customer charge, $0.13441/kWh), GSA2 ($225 customer + $15.71/kW demand charges), and GSA3 ($450 customer + tiered kW demand charges up to $17.88/kW) rate structures, with additional 6% Kentucky sales tax.
• PEPB FiberNet High-speed fiber optic internet service for commercial customers with speeds up to 300Mbps, 99.9% reliability, local support, and tiered pricing starting at $69.95/month for 15x15Mbps. Supports video streaming, web conferencing, cloud applications, and VoIP.
• Security Lighting Dusk-to-dawn outdoor security lighting service with LED (57W at $8.44/month, 174W cobra head at $18.67/month, 196W flood at $20.98/month) and High Pressure Sodium (100W–400W cobra head) options, including optional wood utility pole charge of $2.00/month.
• Renewable Energy Program Renewable energy options available to customers to opt into cleaner power supply, governed by a published policy and rate structure.
• Online Bill Payment Secure online bill payment via the UtilityNexus platform at pepb.utilitynexus.com and on iOS and Android mobile apps, enabling customers to view and pay utility bills electronically.
• Levelized Billing Residential budget billing program that calculates a rolling 12-month average to provide consistent monthly payments; available to homeowners with at least 12 consecutive months of service and no late payments in the prior 24 months.
• Bank Draft Automatic payment service that deducts the monthly electric bill from a customer's checking or savings account on the bill due date.

Quantifiable outcome

• Average Service Availability Index (ASAI): 99.9979% - only 18.396 minutes of outage per year
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Kentucky Municipal Power Agency (KMPA)coreStrategic or Co-development PartnerKMPA is headquartered in Paducah, Kentucky and is authorized to coordinate planning, construction and operations for member municipal utilities. PEPB participates as a member, benefiting from shared resources and coordinated power planning.
• American Municipal Power (AMP)coreStrategic or Co-development PartnerNational organization representing municipal electric utilities. Provides resources, advocacy, and collective purchasing power for member utilities.
• American Public Power Association (APPA)coreStrategic or Co-development PartnerNational trade association representing publicly owned electric utilities. Provides advocacy, education, and professional development resources. Awards RP3 recognition to qualifying members.
• Energy StarminorOthersPartnership with EPA's Energy Star program enabling promotion of energy efficiency tools and resources to customers.
• Kentucky Municipal Utilities Association (KMUA)coreStrategic or Co-development PartnerState association representing municipal utilities in Kentucky. Provides advocacy and professional resources for Kentucky municipal power agencies.
• Lake Barkley PartnershipminorOthersRegional economic development organization for the Lake Barkley area. Supports economic growth in the region served by PEPB.
• Prairie State Energy CampusminorOthersCoal-fueled power plant in Illinois. May provide power supply resources for member municipal utilities through KMPA coordination.
• Tennessee Valley Public Power Association (TVPPA)coreStrategic or Co-development PartnerTrade association for public power utilities in the Tennessee Valley region. Provides training, safety programs, and regulatory advocacy for member utilities.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Glasgow Electric Plant Board: Kentucky "Electric Plant Board" serving Glasgow, KY. Structurally identical to PEPB — same Plant Board governance model, similar rate design, and similar geographic scale of municipal electric distribution.
• Bowling Green Municipal Utilities: Municipal utility serving Bowling Green, Kentucky with electric distribution, broadband, and water/wastewater services. Operates under the same state regulatory and governance structure as PEPB and offers bundled utility services similar to PEPB's electric-plus-fiber portfolio.
• Bardstown-Nelson County Municipal Utilities: Kentucky municipal utility providing electric and broadband services to Bardstown and Nelson County. Mirrors PEPB's electric-plus-fiber product mix within the same KMPA/municipal-utility ecosystem.
• Owensboro Municipal Utilities: Kentucky municipal utility providing electric and water services in Owensboro. A KMPA member using the same coordinated power-supply framework as PEPB, with comparable demand-based commercial rate structures.
• Henderson Municipal Power & Light: Community-owned electric utility serving Henderson, Kentucky. Closely comparable in scale and business model — municipal electric distribution to a defined geographic territory with tiered commercial rates.
• Mayfield Electric & Water Systems: Kentucky municipal utility offering electric and water services in Mayfield. Comparable size, governance (community-owned), and product scope to PEPB's electric distribution business.
• Frankfort Plant Board: Kentucky municipal "Plant Board" utility serving Frankfort with electric, water, and broadband services. Directly analogous to PEPB's "Electric Plant Board" structure, including fiber internet for commercial customers.
• Murray Electric System: Community-owned municipal electric utility serving Murray, Kentucky. Comparable in scale, governance, and service offerings to PEPB, operating within the same state regulatory environment for municipal utilities.
• Paducah Power System: Kentucky municipal electric utility headquartered in Paducah that distributes power to residential and commercial customers in its service territory. PEPB is a member of KMPA alongside Paducah, and both operate under the same Kentucky municipal-utility framework, sharing regulatory and operational characteristics.

Others

• American Municipal Power (AMP): National organization representing municipal electric utilities of which PEPB is a member. Not a direct competitor, but a peer at the industry-association level that reflects the broader community-owned municipal utility model in which PEPB operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Princeton Electric Plant Board