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News
2/22/2010
Rate adjustment approval process moving forward
Clark Energy filed a request for a base rate adjustment with the Kentucky Public Service Commission (PSC) on November 18, 2009. Since filing the initial request, the PSC has made three solicitations for more information and Clark Energy's responses were made on November 24, 2009 and January 4 and January 26, 2010. The PSC must approve any rate increase before the new rates can go into effect.
As an intervenor in the case, the Attorney General also made a request for data and Clark's response was made on January 4, 2010. The Attorney General will make recommendations to Clark Energy and the PSC on their findings in the case. If all parties to the case agree on the findings, the PSC will then review all the data it collects to determine the final outcome of the case. If questions are still unanswered, a formal hearing before the PSC will be scheduled to settle the case.
Clark Energy is seeking an average increase in revenue of 9.5%. This amount will vary between residential, commercial, and industrial classes because of the different cots associated with providing service to each type of consumer. If approved, Clark Energy members could see the increase reflected on their bills early to mid-summer.
Expenses to provide reliable and safe power to our members have been rapidly rising for the past several years. Although we have tried our best to mitigate these costs, we can no longer continue to do so and provide the same quality service you have come to expect from Clark Energy. The rising costs that member-owned cooperatives have experienced have also had an influence on investor-owned (IOUs) as witnessed by the recent notices of impending rate increases by IOUs. As costs for operating expenses rise, unfortunately so must the rates that are charged to consumers.
We understand these are difficult financial times for everyone and we offer many types of services to help you manage your energy bill. Simple Savings tips found on this website can help you save money and energy with inexpensive repairs. Our Touchstone Energy Living programs can help you increase energy efficiency and the comfort of your home. We encourage you to call our energy advisor at 1-800-992-3269 to inquire about any of these programs or explore our website for more information.
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