TOPEKA, Kan. (AP) - Kansas regulators have approved a 7 percent rate increase for the state's largest natural gas company that will generate $28 million a year in new revenues for the utility.
The Kansas Corporation Commission said a legal settlement it accepted Wednesday will raise bills for average residential customers of Kansas Gas Service by less than $2 a month.
The settlement was reached in October by the company, the KCC's staff and other parties. They included the Citizens' Utility Ratepayers Board, a state agency representing residential customers and small businesses.
The agreement will allow Kansas Gas Service to earn a pretax profit of 10.6 percent on its operations.
The company originally sought a rate increase of nearly $51 million. It has about 632,000 customers in Kansas.
© Many Signals Communications
MOST VIEWED STORIES
Walnut Township recall coming; Friday mtg erupts in arrest
Sabetha woman arrested in business burglary
Effingham teen facing child sex crimes charges
Severe storms move through NE KS
Two search warrants, two Horton homes, two arrests
Document forgery alleged in ATCO's Walnut Township
Two Brown Co officers honored for their bravery
Whiting woman pleads to theft of fire dept. funds
Severe storms reported Tuesday in NE KS
Flags across KS to fly half-staff Sunday
Atchison man nabbed for neighbor's 4 wheeler theft
Two men arrested in Jackson Co for distribute of meth
Winning lottery ticket sold in Falls City about to expire
Meriden man bound over on rape charge
Tornado damage surveyed in NE KS
Richardson County Deputies busy during special enforcement
Beef Barn replacement planned in Jefferson Co
LATEST STORIES
Two search warrants, two Horton homes, two arrests
Brown Co Sheriff's Office releases April stats
Flags across KS to fly half-staff Sunday
Commission takes action related to bridge project
Whiting woman pleads to theft of fire dept. funds
Two men arrested in Jackson Co for distribute of meth
Winning lottery ticket sold in Falls City about to expire