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Sat December 29, 2012
Ky. American Water Asks For 17.5% Rate Increase
LEXINGTON, Ky. -- Kentucky American Water, which serves Lexington and other communities, is asking for a rate increase that would raise average monthly residential bills by 17 1/2 percent, or $5.76, to $38.51 per month.
The company said in a statement it filed the request Friday with the Kentucky Public Service Commission based on capital investments of approximately $58 million made since last seeking a rate increase nearly three years ago. The request would increase total annual revenue by approximately $12.3 million.
Kentucky American says the improvements include upgrades to water distribution systems and to water treatment plants.
The company has approximately 500,000 customers in parts of 10 Kentucky counties.