The Kentucky Public Service Commission approved new water rates for Kentucky American Water, leading to a total annualized revenue increase of approximately $18.2 million.
The rate increase was primarily driven by over $212 million in system improvements for water treatment and distribution.
The approval ensures Kentucky American Water continues to offer safe, clean, reliable, and affordable drinking water services to customers, supporting economic development in communities.
Rate Approval
The Kentucky Public Service Commission granted approval for the new water rates, reflecting an annualized revenue increase of $18.2 million.
Impact of System Improvements
The rate increase was primarily influenced by more than $212 million investment in water treatment and distribution system upgrades.
Customer Assistance Programs
Kentucky American Water offers customer assistance programs, including payment plans and budget billing, to support customers in managing their water bills.
- The rate increase will affect residential water customers with the average monthly bill for 3,900 gallons expected to rise by about $2.
- Customers will be informed about the approved rates through mail and the company's website, ensuring transparency in the pricing changes.
Kentucky American Water remains committed to providing safe, clean, reliable, and affordable water services to over half a million people across 13 counties, emphasizing long-term investment for quality service and compliance with regulations.