FRANKFORT, Ky. (AP) - A southern Kentucky utility has been
granted a $3.7 million revenue increase, less than half the amount
it had sought.
The Kentucky Public Service Commission approved the increase
Friday for South Kentucky Rural Electric Cooperative Corp. The
utility had asked for an $8.9 million increase.
The fixed monthly charge for residential customers will rise to
$12.82 from $9.14. Small commercial customers' monthly charge will
go up from $17.14 to $23.79.
The utility said it would use part of the increase to make
regular dividend payments to its member-owners. The PSC said such
payments should not be the utility's first priority.
South Kentucky RECC serves about 66,000 customers in Adair,
Casey, Clinton, Cumberland, Laurel, Lincoln, McCreary, Pulaski,
Rockcastle, Russell and Wayne counties in Kentucky and Pickett and
Scott counties in Tennessee.
(Copyright 2012 by The Associated Press. All Rights Reserved.)