Government
10:55 am
Mon December 10, 2012

Kansas Gas Service Rate Hike Called Fair

The Citizens' Utility Ratepayers Board, a consumer advocacy agency for utility customers, says the agreement recently reached on a Kansas Gas Service rate hike was a fair one.  

David Springee, an attorney with CURB, says it's actually a significantly lower increase than the utility had requested.

“Kansas Gas Service asked for a 10.75% shareholder profit to be built into rates.  Clearly we all understand given the capital markets that’s a very high number and they knew  were not going to get that,” says Springee.

KGS had also initially requested a revenue guarantee - to ensure a certain amount of profit. Springee says no utility has ever been granted a revenue guarantee in the entire 110 year history of the Kansas Corporation Commission.