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LLC, KY Public Service Commission Form

LLC, KY Public Service Commission Form

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this presentation provides a broad overview of the process by which the PSC sets rates for utilities within its jurisdiction it applies to electric utilities the largest natural gas distribution companies to water utilities and to sewer utilities some small utilities are eligible to use a simplified and streamlined version of this process as with other matters under PSC jurisdiction ratemaking is a legal process it is governed by statutes enacted by the Kentucky General Assembly and by PSC regulations derived from those statutes also applicable or legal precedents set forth and PSC orders and in court decisions regarding the application of PSC statutes and regulations the guiding principle in Kentucky statutes regarding rates is that they must be fair just and reasonable those terms are not defined in law but their general meaning has been established over time through precedents and legal interpretation in applying the statutes the PSC seeks always to strike a balance between the inte

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