MORE KENTUCKY NEWS
News from region's first prime-time newscast. You'll find it First On Fox!
PSC approves rate increase for Kentucky-American Water; average bill to rise about 10 percent
Reported by: Associated Press
Reported: Friday, October 25, 2013 6:50 PM EDT
State regulators have approved a rate increase for Kentucky-American Water Co. customers.
Average residential customer bills will increase from $35.40 to $38.95 for 5,000 gallons a month, an increase of $3.55, or about 10 percent.
Kentucky-American wanted to increase revenue by $12.3 million annually, which would have increased the average monthly bill to $41.23, about a 16.5 percent hike.
The company said in asking for the increase that it is needed to recover the cost of capital improvements made since its last rate case in 2010.
The water company serves about 124,300 customers in 10 central Kentucky counties.