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Public hearings set for rate increase at western Ky. utility that lost smelter revenue
Reported by: Associated Press
Reported: Monday, December 2, 2013 4:16 AM EST
The Kentucky Public Service Commission is hosting a public forum on proposed rate increases by a western Kentucky utility.
Big Rivers is seeking approval to increase rates early next year to boost annual revenue by $70 million. The amount is to partially offset the loss of about $175 million in annual revenue that will occur when the Century Aluminum smelter in Sebree ceases to be a Big Rivers customer at the end of January.
The rate increase is estimated to increase monthly residential bills by about $25 to $30 per month.