2011 Kentucky Revised Statutes CHAPTER 278 PUBLIC SERVICE COMMISSION 278.455 Reduction of operating expenses by G&T or distribution cooperative -- Effect on rates -- Authority for administrative regulations.
KY Rev Stat § 278.455 (1996 through Reg Sess) What's This?
278.455 Reduction of operating expenses by G&T or distribution cooperative -Effect on rates -- Authority for administrative regulations.
(1)
(2)
(3)
(4)
Notwithstanding any other statute to the contrary, a G&T or distribution cooperative
may at any time decrease regulated operating revenues by an amount to be
determined solely by the cooperative utility. If the revenue reduction is allocated
among and within the consumer classes on a proportional basis that will result in no
change in the rate design currently in effect, the revised rates and tariffs shall be
authorized and made permanent on the proposed effective date.
Notwithstanding any other statute, any revenue increase authorized by the Public
Service Commission or any revenue decrease authorized in subsection (1) of this
section that is to flow through the effects of an increase or decrease in wholesale
rates may, at the distribution cooperative's discretion, be allocated to each class and
within each tariff on a proportional basis that will result in no change in the rate
design currently in effect. In the event of an increase in the wholesale rates and
tariffs of the wholesale supplier by the Public Service Commission, the rates and
tariffs of the distribution cooperative that have been revised on a proportional basis
to result in no change in the rate design shall be authorized and shall become
effective on the same date as those of the wholesale supplier. In those cases where
an interim increase in the power supplier's wholesale rates is authorized, the
distribution cooperative's flow through rates shall be interim. The distribution
cooperative's permanent rates and tariffs shall become effective on the date that the
wholesale supplier's permanent rates become effective as ordered by the
commission.
Any rate increase or decrease as provided for in subsections (1) and (2) of this
section shall not apply to special contracts under which the rates are subject to
change or adjustment only as stipulated in the contract.
The Public Service Commission shall promulgate administrative regulations
pursuant to KRS Chapter 13A to establish filing requirements and notice
requirements to the commission, the Attorney General, and the public under this
section.
Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 188, sec. 2, effective July 15, 1998.
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