In a recent government meeting, discussions centered around a proposed rate increase by 1 Gas, the parent company of Kansas Gas Service. A representative emphasized the importance of balancing the economic needs of the utility with the interests of Kansas residents. While acknowledging the company's recent profit increase of approximately $9.5 million from 2022 to 2023, the speaker argued that the proposed rate hike of $58.1 million was excessive and unjustified.
The representative urged regulators to deny the request, suggesting that a more reasonable profit margin could be established without placing an undue financial burden on consumers. They highlighted the potential for a compromise that would allow the utility to remain profitable while still protecting the interests of the public.
The meeting concluded with a reminder that the public comment period would remain open until 5 PM on August 5, allowing residents to submit written or verbal comments. An evidentiary hearing on the matter is scheduled for August 12, 2024, at 9 AM in Topeka, with a decision expected by October 25, 2024. The hearing will also be accessible via the KCC's YouTube channel, ensuring transparency and public engagement in the regulatory process.