Tariffs and Service Regulations
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In October of 2012, KPUB’s customer rates were increased after an in-depth rate review by the outside consulting firm, Utility Financial Solutions. Upon receipt of their study, approval was given by the City Council and the KPUB Board of Director’s for a 1.8% increase (approximately $2.08/monthly) for the residential customer and a commercial rate increase of approximately 4% to 7% depending on customer class, consumption and demand. Fees for new accounts, new services, reconnections, collections and others were also increased to bring the services more in line with actual costs. The consultants provided a five year financial projection of revenues, expenses, operating income, cash balance and debt service coverage.
See attached documents provided by Utility Financial Solutions: