278.192 Test period for proposed rate increase.
(1)
(2)
For the purpose of justifying the reasonableness of a proposed general increase in
rates, the commission shall allow a utility to utilize either an historical test period of
twelve (12) consecutive calendar months, or a forward-looking test period
corresponding to the first twelve (12) consecutive calendar months the proposed
increase would be in effect after the maximum suspension provided in KRS
278.190(2).
(a) Any application utilizing a forward-looking test period shall include a base
period to be filed with the application, which begins not more than nine (9)
months prior to the date of filing, consisting of not less than six (6) months of
actual historical data and not more than six (6) months of estimated data at the
time of filing.
(b) Actual results for the estimated months of the base period shall be filed no
later than forty-five (45) days after the last day of the base period.
(c) Upon the filing of an application for a proposed increase in rates based on
either a historical or a forward-looking test period, any intervening party in
opposition to such application shall have the right to examine all data,
including individual invoices, which comprise the actual expenditures of the
utility incurred for ratemaking purposes for the preceding twelve (12) month
period immediately prior to the filing date.
Effective: July 14, 1992
History: Created 1992 Ky. Acts ch. 308, sec. 1, effective July 14, 1992.
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