FOR IMMEDIATE RELEASE -- December 13, 2012
Contact: Kevin Kelly (573) 751-9300
PSC Approves Agreement Reached In Raytown Water Company Rate Case
JEFFERSON CITY---The Missouri Public Service Commission has approved an agreement which authorizes the Raytown Water Company to increase annual water operating revenues by approximately $390,268 for service on and after December 21, 2012. The rate increase is designed to recover the Company’s cost of service.
When the company filed its rate request with the Public Service Commission on June 4, 2012, it sought to increase annual water operating revenues by approximately $426,951.
Under the small company rate case process, the PSC staff audits the books and records of the company. After the audit, the PSC staff presented its findings as well as its initial recommendation for resolution of the rate request to the Office of the Public Counsel and the company. Based upon discussions between the PSC staff and Raytown Water Company, an agreement was reached which was then filed for Commission consideration. The Office of the Public Counsel did not join in the agreement but did not oppose the agreement. The Office of the Public Counsel is a separate state agency which represents the general public in cases before the PSC.
The current monthly water bill for a residential customer using 6,000 gallons of water a month is $41.98. Under the agreement, the water bill for that same residential customer will increase to $47.52 a month.
The Raytown Water Company provides water service to approximately 6,500 customers in Raytown, Missouri.