Frankfort Plant Board

What Frankfort Plant Board does

Frankfort Plant Board (FPB), legally the Electric and Water Plant Board of the City of Frankfort, is a municipally owned utility founded in 1943 that provides electric power, water, and cable-telecom services to approximately 21,000 electric meters across Franklin County and portions of Shelby and Woodford Counties in Kentucky. Its core service portfolio spans three categories: Electric (regulated distribution under the FPB Tariff), Water (municipal treatment and delivery), and Cable-Telecom (the NEXTBAND fiber internet and video brands, traditional cable TV, watchTVeverywhere streaming, landline telephone, and home/business security). Beyond utilities, FPB operates Cable 10, a local public-affairs channel, and runs community programs including the Community Solar Program, Round Up For Change, and home energy audits.

FPB is distinctive among municipal utilities because it bundles cable television, fiber internet, telephone, and security alongside electric and water, delivered through the unified myFPB customer portal and mobile app. The organization employs roughly 51-100 people (with ~191 employees and families covered under its health benefit plan per RFP documentation) and is headquartered at 151 Flynn Avenue, Frankfort, KY 40601, with supporting facilities at 305 Hickory Drive and 701 Duncan Road. Its board is chaired as of 2026 by John Snyder, succeeding John Cubine.

FPB generates revenue through rate-regulated subscription charges to residential and business customers within its exclusive service territory, supplemented by telecom and security service fees. Power supply is procured through its membership in the Kentucky Municipal Energy Agency (KyMEA), joined in 2015, with all-requirements contracts via Big Rivers Electric Corporation, Illinois Power Marketing Company, and Paducah Power System. Rates are set administratively through the FPB Tariff and subject to public hearing processes; the organization is governed by a board under oversight of the City of Frankfort and operates as a self-sustaining government entity rather than a venture-backed or publicly traded company.

Name

Frankfort Plant Board

Legal name

The Electric and Water Plant Board of the City of Frankfort

Website

https://fpb.cc

Company type

Private

Founded year

1943

Operating status

Operating

Headcount range

51–100 employees

Short description

Frankfort Plant Board is a municipally owned utility in Frankfort, Kentucky that delivers electric, water, and cable-telecom services, including NEXTBAND fiber internet, cable TV, telephone, and security, to approximately 21,000 meters across Franklin and adjacent counties.

Ownership category

akta.pro rank

Product category

Municipal Utility Services

NAICS

Water Supply and Irrigation Systems (22131), Electric Power Generation, Transmission and Distribution (2211)

SIC

Water Supply (4941)

akta.pro primary industry

Fiber ISPs (FTTH/FTTP Retail Providers) (HDAIADAE)

akta.pro secondary industries

Municipal & Community Broadband Networks (HDAIACAE), Fiber-to-the-Home (FTTH) Operators (HDAIACAB)

Keywords

• Municipal utility services
• Electric power distribution
• Water treatment services
• Fiber internet
• Cable television

Headquarters

HQ city

Frankfort

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Electric Service: Provides electric power and service to approximately 21,000 meters in Franklin County and portions of Shelby and Woodford Counties. Revenue generated through electricity distribution rates regulated by FPB tariff.
2. Water Service: Provides water utility services to Frankfort and surrounding areas with focus on delivering good and pure water at the lowest economical cost
3. Cable-Telecom Services: Offers cable television, fiber internet (NEXTBAND), telephone, and security services to residential and business customers with local customer service
4. Business Class Services: Business telecommunications and utility services for commercial customers

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Frankfort Plant Board provides electric power, water, and cable-telecom services (NEXTBAND fiber internet, cable TV, telephone, and security) to residential and business customers across Franklin County and portions of Shelby and Woodford Counties in Kentucky. It is a municipal utility serving approximately 21,000 electric meters.

Product overview

Frankfort Plant Board (FPB) is a municipal utility provider offering a comprehensive suite of essential services organized into three main categories: Electric (power distribution to ~21,000 meters), Water (municipal water supply), and Cable-Telecom (including NEXTBAND Fiber Internet, NEXTBAND Video, Cable TV, Telephone, and Security services). The company also provides a customer-facing digital platform through the myFPB web portal and app, along with community programs like solar initiatives. Services are available to both residential and business customers with local customer service and support.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Service

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

Three partnerships are on record, tiered core and minor.

• Kentucky Municipal Energy Agency (KyMEA)coreStrategic or Co-development PartnerFPB participates in the Kentucky Municipal Energy Agency (KyMEA), a municipal energy agency formed through interlocal agreement. KyMEA provides power supply through all-requirements contracts and has power purchase agreements with various energy providers including Big Rivers Electric Corporation, Illinois Power Marketing Company, and Paducah Power System. FPB has been a member since 2015.
• MedBen AdministratorsminorOthersThird-party administrator for health benefit plan services. FPB currently purchases TPA services from MedBen Administrators as part of employee benefits program covering approximately 191 employees and families.
• VentegraminorOthersPharmacy benefit management services provider for FPB's health benefit plan covering approximately 191 employees and families.

Scale indicators3 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• Paducah Power System: Municipal electric utility serving Paducah, Kentucky, and a KyMEA member alongside FPB. Comparable municipal electric distribution model with overlapping wholesale power procurement relationships.
• Bowling Green Municipal Utilities (BGMU): Kentucky municipal utility providing electric, water, and fiber/broadband services to Bowling Green. Highly comparable to FPB as a mid-sized Kentucky municipal utility with bundled utility and telecom offerings.
• Owensboro Municipal Utilities (OMU): Kentucky municipal utility offering electric, water, and telecom services to Owensboro and surrounding areas. Closest direct peer to FPB given overlapping Kentucky municipal utility structure, similar service mix, and comparable scale.
• LUS Fiber (Lafayette Utilities System): Municipal fiber ISP operated by Lafayette Utilities System in Louisiana, offering fiber internet, video, and phone over a city-owned network. Directly comparable to FPB's NEXTBAND fiber and video services from a municipal owner-operator perspective.
• EPB (Electric Power Board of Chattanooga): Municipal utility in Chattanooga, Tennessee, offering electric distribution and a flagship municipal fiber internet service (EPB Fiber). Directly comparable to FPB's NEXTBAND fiber strategy and municipal utility structure, though at significantly larger scale.
• Jackson Energy Authority (JEA Tennessee): Tennessee municipal utility authority providing electric, water, wastewater, natural gas, and fiber/broadband services. Comparable multi-service municipal utility with a fiber product analogous to NEXTBAND.
• Cedar Falls Utilities (CFU): Iowa municipal utility providing electric, water, and fiber internet (CFU Telecom) to Cedar Falls. Comparable multi-service municipal utility model with a municipal fiber ISP product paralleling NEXTBAND.

Broad incumbents

• Spectrum (Charter Communications): Large national cable/broadband provider competing against FPB's NEXTBAND, Cable TV, and telephone offerings in the Frankfort market. Comparable product set (broadband, video, voice) but at vastly larger scale and as an investor-owned incumbent.
• Kentucky Utilities (KU) / PPL Corporation: Investor-owned regulated electric utility serving much of Kentucky. Overlaps with FPB's electric distribution function but at much larger, multi-county scale and without the municipal fiber/cable bundle.

Regional players

• Louisville Water Company: Municipal water utility serving Louisville metro and parts of Kentucky. Comparable as a Kentucky municipal water provider but does not overlap in electric or telecom services and operates in a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/frankfortplantboard
• Facebookfacebook.com/fewpb
• Instagraminstagram.com/fewpb
• Xx.com/fewpb

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Frankfort Plant Board