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.
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.
# posted by Homer Owens @ 8:37 PM 
