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    You are at:Home»State News»State Grants $28M Hike in Kansas Gas Service Rates

    State Grants $28M Hike in Kansas Gas Service Rates

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    By KMAN Staff on December 5, 2012 State News

    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.

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