Kentucky American Water Receives Approval for New Rates from Kentucky Public Service Commission
Kentucky American Water received approval from the Kentucky Public Service Commission for adjusted water rates following a June 2023 request. The adjustment supports $330 million in water system investments made since 2019, including pipe replacement, treatment plant upgrades, and system resiliency projects. The PSC order approves an overall increase in water rates of approximately $17.3 million. Interim rates implemented in February 2024 were adjusted in May 2024, with customers receiving credits for the difference plus interest. The company offers various assistance programs for customers facing financial difficulties.
Kentucky American Water ha ricevuto l'approvazione dalla Commissione dei Servizi Pubblici del Kentucky per le tariffe idriche aggiornate a seguito di una richiesta di giugno 2023. L'adeguamento supporta investimenti nel sistema idrico per un totale di 330 milioni di dollari effettuati dal 2019, inclusi la sostituzione delle tubature, l'aggiornamento degli impianti di trattamento e progetti di resilienza del sistema. L'ordinanza della PSC approva un aumento generale delle tariffe idriche di circa 17,3 milioni di dollari. Le tariffe provvisorie implementate a febbraio 2024 sono state adeguate a maggio 2024, con i clienti che ricevono crediti per la differenza più interessi. L'azienda offre vari programmi di assistenza per i clienti in difficoltà finanziaria.
Kentucky American Water recibió la aprobación de la Comisión de Servicios Públicos de Kentucky para las tarifas de agua ajustadas tras una solicitud en junio de 2023. El ajuste apoya inversiones en el sistema de agua por un total de 330 millones de dólares realizadas desde 2019, incluyendo el reemplazo de tuberías, mejoras en plantas de tratamiento y proyectos de resiliencia del sistema. La orden de la PSC aprueba un aumento general en las tarifas de agua de aproximadamente 17.3 millones de dólares. Las tarifas interinas implementadas en febrero de 2024 fueron ajustadas en mayo de 2024, con los clientes recibiendo créditos por la diferencia más intereses. La compañía ofrece varios programas de asistencia para clientes que enfrentan dificultades económicas.
Kentucky American Water는 2023년 6월 요청에 따라 켄터키 공공 서비스 위원회의 승인을 받아 조정된 요금제를 받았습니다. 이번 조정은 2019년 이후로 이루어진 3억 3천만 달러의 수자원 시스템 투자, 즉 파이프 교체, 정수장 업그레이드 및 시스템 복원력 프로젝트를 지원합니다. PSC 명령에 따라 전체 수돗물 요금이 약 1천 730만 달러 인상됩니다. 2024년 2월에 시행된 임시 요금은 2024년 5월에 조정되었으며, 고객은 차액에 대한 이자와 함께 크레딧을 받습니다. 회사는 재정적 어려움을 겪고 있는 고객을 위한 다양한 지원 프로그램을 제공합니다.
Kentucky American Water a reçu l'approbation de la Commission des services publics du Kentucky pour des tarifs d'eau ajustés à la suite d'une demande en juin 2023. L'ajustement soutient des investissements de 330 millions de dollars dans le système d'eau réalisés depuis 2019, y compris le remplacement de canalisations, les mises à niveau des stations de traitement et des projets de résilience du système. L'ordre de la PSC approuve une augmentation globale des tarifs de l'eau d'environ 17,3 millions de dollars. Les tarifs intérimaires mis en œuvre en février 2024 ont été ajustés en mai 2024, les clients recevant des crédits pour la différence plus des intérêts. L'entreprise propose divers programmes d'assistance pour les clients rencontrant des difficultés financières.
Kentucky American Water erhielt die Genehmigung der Kentucky Public Service Commission für angepasste Wasserpreise nach einer Anfrage im Juni 2023. Die Anpassung unterstützt Investitionen in das Wassersystem in Höhe von 330 Millionen Dollar, die seit 2019 getätigt wurden, einschließlich Rohrleitungen, Upgrades von Wasseraufbereitungsanlagen und Projekte zur Systemresilienz. Die PSC-Anordnung genehmigt eine allgemeine Erhöhung der Wasserpreise um etwa 17,3 Millionen Dollar. Die interimistischen Preise, die im Februar 2024 eingeführt wurden, wurden im Mai 2024 angepasst, wobei die Kunden Gutschriften für die Differenz zuzüglich Zinsen erhalten. Das Unternehmen bietet verschiedene Unterstützungsprogramme für Kunden in finanziellen Schwierigkeiten an.
- Secured regulatory approval for $17.3 million rate increase
- $330 million in infrastructure investments to improve service reliability
- Implementation of system upgrades and modernization projects
- Rate increase may impact customer affordability
- Required to issue credits due to interim rate adjustment
Insights
The PSC approval of
The approved rate increase will help maintain AWK's financial health in Kentucky, though its impact on the overall company is moderate given AWK's
Supports
The rate order for the June 2023 rate case approves an overall increase in water rates of approximately
“Kentucky American Water is committed to making the needed infrastructure improvements across our service areas so we can continue to provide the high level of safety, service, and reliability that our customers expect and deserve,” said Kathryn Nash, president, Kentucky American Water. “In addition, we will continue to remain focused on opportunities for greater efficiencies to help maintain affordable rates for customers.”
An interim adjustment in rates, based on those the company proposed in its June 2023 filing, became effective on February 6, 2024. The PSC adjusted the interim rates in its May 2024 order. Because the May decision represented a reduction in the interim rates implemented in February 2024, the company issued to customers credits for the difference, including interest, using the Federal Reserve’s “bank prime loan” rate.
The PSC then issued on Nov. 6 a subsequent order resulting in additional rate adjustment.
Kentucky American Water reminds customers facing circumstances that are stretching their financial resources about its bill paying assistance programs that include payment plans, budget billing and, for income-eligible customers, the company’s H2O Help to Others customer assistance program. More information can be found by clicking the Customer Assistance Program link under Customer Service & Billing on the company’s website. For tips on how to reduce your water bill by conserving water, visit the Wise Water Use page on website at https://www.amwater.com/kyaw/Water-Wastewater-Information/wise-water-use.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
About Kentucky American Water
Kentucky American Water, a subsidiary of American Water, is the largest investor-owned water utility in the state, providing high-quality and reliable water and wastewater services to approximately 560,000 people.
AWK-IR
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Media Contact:
Susan Lancho
Senior Manager, External and Government Affairs
859-268-6332
Susan.lancho@amwater.com
Source: Kentucky American Water
FAQ
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