State Grants $28M Hike in Kansas Gas Service Rates
Associated Press - Wed 07:12 PM 12/05/2012
Kansas regulators have approved a 7 percent rate increase for the state's largest natural gas company.
Kansas regulators have approved a 7 percent rate increase for the state's largest natural gas company that will generate $28 million a year in new revenues for the utility.
The Kansas Corporation Commission said a legal settlement it accepted Wednesday will raise bills for average residential customers of Kansas Gas Service by less than $2 a month.
The settlement was reached in October by the company, the KCC's staff and other parties. They included the Citizens' Utility Ratepayers Board, a state agency representing residential customers and small businesses.
The agreement will allow Kansas Gas Service to earn a pretax profit of 10.6 percent on its operations.
The company originally sought a rate increase of nearly $51 million. It has about 632,000 customers in Kansas.
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Aurora.
Thursday 6 December 2012 00:27 Report this comment
Looks like we got the fox guarding the chicken coup. How corrupt is the Kansas Corporation Commission and the Citiaen's Utility Ratepayers board in giving weststar everything it wants. Its time someone stepped in and disbanded both these commissions and brought weststar down to its knees.
IamMe
Thursday 6 December 2012 02:46 Report this comment
Amen Aurora!