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Dec 14, 2013 3:13 PM

Columbia Gas Settlement Approved By PSC

FRANKFORT (AP) - The state Public Service Commission has approved a settlement that will allow Columbia Gas of Kentucky Inc. to increase customer rates by less than half what the company sought.

The rates take effect Dec. 29.

The commission said in a news release the settlement was agreed to by Columbia Gas and other parties in the case, which are the state attorney general's office, the Kentucky Industrial Utility Customers Inc., Lexington-Fayette Urban County Government, a community action group representing low-income customers and two gas marketers.

Under the agreement, the monthly bill for a customer using 10,000 cubic feet will increase by $4.72. Columbia Gas' proposal would have added more than $11 to the monthly bill.

Columbia Gas has about 134,000 customers in 30 counties in central and eastern Kentucky.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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