A public hearing on a proposed Columbia Gas rate hike has been set for 5:30 p.m. Wednesday at the Northside Branch of the Lexington Public Library.
Columbia Gas has asked the state Public Service Commission for an annual revenue increase of $25.4 million a year. That proposed revenue increase would result in higher monthly customer and delivery charges. For example, an average customer using 5,500 cubic feet of gas each month would see an increase of about $11.30 a month. If approved, average bills would go from $55.59 to $66.88. That’s a roughly 20.3 percent increase.
Columbia Gas has said in its application that the rate increase is necessary to recover the cost of system improvements, including replacing older gas mains.
The last base rate increase was in December 2013. Columbia Gas has 135,000 customers in 30 counties in central and northeast Kentucky.
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The hearing will be at the library branch at 1733 Russell Cave Road. The public comment portion will begin at 6:30 p.m. The Public Service Commission, which regulates most utilities and approves rates, will hold a hearing on Columbia Gas’ request on Nov. 1.
A narrated slide show explaining the PSC rate-making process is available on YouTube at Youtube.com/watch?v=Ch9vTS5NzJ8.