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July 30, 2019
KCC approves settlement agreement in Empire rate case
Topeka - A settlement agreement unanimously approved by the Kansas Corporation Commission this morning means Empire electric customers won’t see a large increase in their monthly bills as originally proposed by the utility. The settlement was the result of negotiations between KCC Staff, the Citizens Utility Ratepayer Board, and the utility.
Last December, Empire asked for an annual increase in operating revenues of $2.5 million, which would have resulted in a $19.99 per month increase in the monthly bills of its residential customers. Under the approved settlement agreement, residential customers with average monthly usage of 1,000 kWh will pay $5.26 more per month. The new rates will take effect on August 1.
In addition, Empire will issue a one-time bill credit to customers totaling nearly $2 million based on federal tax law changes within 60 days of today’s order.
Based on evidence presented in the case, the Commission found that the agreed‑upon revenue requirement will provide Empire sufficient revenues and cash flows to meet its financial obligations, yet will keep rates as low as possible while maintaining reliable service for its customers. Empire serves 9671 Kansas electric customers in Cherokee and Labette counties.
Today’s order can be viewed on the Commissions website at: http://estar.kcc.ks.gov/estar/ViewFile.aspx?Id=cd684a5b-21c5-4ed5-8ba6-4fe36786f119