2014 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.
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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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