The Kentucky Public Service Fee (PSC) has granted a request by Northern Kentucky Water District for a fee enhance, largely in an effort to change or restore growing old infrastructure, a few of which is sort of a century previous.
In an order issued Tuesday, the PSC accredited the rise, which can happen in two equal phases, with the primary part taking impact immediately and the second a 12 months from immediately. Every part will enhance the typical residential invoice by $1.92 a month, or a complete of $three.84 for a typical buyer.
Northern Kentucky Water plans to concern $19.6 million in bonds, to be paid off via the speed enhance. The bonds can pay for plenty of initiatives, the most important of which have been accredited earlier by the PSC in separate instances.
A few of the infrastructure concerned dates again to 1926 and was constructed by utilities that ultimately turned a part of Northern Kentucky Water. The work was initially funded by short-term debt that might be retired when the bonds are issued.
Northern Kentucky Water filed its software for the rise in October 2018, looking for a rise of $6.2 million in annual income. Along with debt service, Northern Kentucky Water mentioned the added revenue is critical resulting from greater operational prices and better fastened prices relative to income from water gross sales.
Northern Kentucky Water serves about 82,900 clients in Boone, Campbell and Kenton counties and is a wholesale water supplier to Bullock Pen and Pendleton County water districts and to the town of Walton. Its most up-to-date fee enhance was granted in January 2016 and applied in two phases a 12 months aside.
The present enhance will increase the month-to-month residential buyer charge from $16.40 to $18.50 in whole, and the water consumption cost per 100 cubic toes from $four.53 to $four.77 in whole.
The PSC additionally accredited a request by Northern Kentucky water so as to add a charge for patrons who pay their payments by credit score or debit card, so long as the charge is the same as the quantity charged to the district by the credit score or debit card processor.
Prospects might be notified of the charge as they pay their invoice and can have the choice to cancel the transaction in the event that they want to keep away from the charge.
Northern Kentucky Water withdrew different requests it had made for modifications to its customer support guidelines. These might be addressed in a separate case.
There have been no different events to the continuing. After the PSC performed in depth written discovery within the case, it was decided that no listening to was wanted. Nonetheless, the PSC performed a public data and remark assembly within the case on January 24 within the metropolis of Edgewood, which is in Northern Kentucky Water’s service territory.
Tuesday’s order, a video recording of the general public assembly, and different data within the case can be found on the PSC web site. The case quantity is 2018-00291.
The PSC is an impartial company hooked up for administrative functions to the Vitality and Surroundings Cupboard. It regulates greater than 1,100 fuel, water, sewer, electrical and telecommunication utilities working in Kentucky.
Public Service Fee