Summary of Original Version

Amend KRS 278.030 to include rate affordability when determining fair, just and reasonable utility rates; allow the Public Service Commission to review the affordability of a utility's rate if the utility has not requested a rate adjustment in five years; allow the commission to order a rate increase to prevent significant increases in a single period; require fair, just and reasonable rates to balance the intrests of the utility, its investors, and the ratepayer.

Statutes affected:
Introduced: 278.030