Dec 29, 2012 4:12 PM
LEXINGTON, Ky. (AP) - Kentucky American Water, which serves Lexington and other communities, is asking for a rate increase that would raise average monthly residential bills by 17 1/2 percent, or $5.76, to $38.51 per month.
The company said in a statement it filed the request Friday with the Kentucky Public Service Commission based on capital investments of approximately $58 million made since last seeking a rate increase nearly three years ago. The request would increase total annual revenue by approximately $12.3 million.
Kentucky American says the improvements include upgrades to water distribution systems and to water treatment plants.
The company has approximately 500,000 customers in parts of 10 Kentucky counties.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
1 hour ago