The Kansas Corporation Commission approves a settlement agreement in the Kansas Gas Service rate case.
Approval by the K-C-C came yesterday, October 3, 2024, in which the original $58 million rate increase requested by KGS was reduced to $35 million. The agreement means that residential customers will see an average rate increase of just under $4 per month or about $46 per year. The new rates will take effect on November 1.
In its March application to increase rates, KGS noted it had been five years since its last rate case and the company had invested $600 million in capital expenditures necessary to provide safe and reliable service to customers.
In testimony filed in support of the settlement approved today, KCC staff stated that the agreed upon revenue increase strikes the proper balance between KGS’ desire for reasonable assurances that it will meet its financial obligations and the need to keep rates as low as possible for customers while still providing reliable natural gas distribution service.
