Tuesday, December 14, 2010

 

Water Company Gets Rate Hike

KENTUCKY...
The Kentucky Public Service Commission had granted Kentucky-American Water Co. a 29 percent rate increase.

The PSC said in a news release on Tuesday that it approved a rate hike that was less than three-quarters of the increase the utility had filed for.

The agency says a water customer using 5,000 gallons per month will see the bill increase from $27.46 to $35.40.

The hike will increase Kentucky-American's yearly revenue by $18.8 million.

The company had asked for $25.85 million more -- a 38 percent increase. The company says 90 percent of the increase will pay for the cost of a new treatment plant on the Kentucky River and a pipeline from the Owen County plant to Lexington.

The company serves about 119,000 customers in 10 central Kentucky counties.





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