Board approves rate analysis to send to PSC, asks staff to note declining customer counts
Summary
The board voted to send a rate analysis to the Public Service Commission concluding a rate increase is not required now; members asked staff to add a brief discussion of declining customer counts and closed accounts before submission.
Erica presented a five-page rate analysis prepared in response to Public Service Commission questions about whether the district must file for a rate adjustment. She said the analysis shows the district meets required debt-service coverage and that an imminent Kentucky W Waters debt-relief award plus recently renegotiated revenue sources make a rate increase unnecessary at this time.
A board member asked that the analysis explicitly acknowledge the district’s declining customer base and closed accounts; staff agreed to add two or three sentences addressing that point. The board then moved and voted to approve the rate analysis for submission to the PSC with the suggested additions.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
