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Fri July 26, 2013
Ky. American Water To Implement Rate Increase Ahead Of PSC Approval
LEXINGTON, Ky. - Kentucky American Water customers will see a $5 jump in their monthly bills as the company implements a rate increase it requested in 2012. That request is still pending before the Public Service Commission.
Kentucky American president Cheryl Norton says the rate increase is necessary to pay for capital expenditures incurred since 2010. If the rate increase is ultimately denied or not granted in full, Kentucky American says it will offer customers refunds with interest.
An average customer using 4,500 gallons of water a month will see a monthly increase of $5.76, going from $32.75 to $38.51.
Kentucky American’s last rate increase occurred close to three years ago. The company says since that time, $58M has gone toward infrastructure improvements.
The PSC’s decision might not happen until late October.