FOR IMMEDIATE RELEASE -- November 08, 2018
Contact: Kevin Kelly (573) 751-9300
PSC Approves Agreement Reached
in Veolia Energy Kansas City, Inc. Rate Case
JEFFERSON CITY---The Missouri Public Service Commission has approved an agreement reached by parties in a steam rate case filed by Veolia Energy Kansas City, Inc. (Veolia Energy) which authorizes an increase in annual steam operating revenues of approximately $463,600 (6.8 percent) effective December 1, 2018.
The agreement approved by the Commission was submitted by Veolia Energy and the Staff of the Missouri Public Service Commission. The Office of the Public Counsel did not sign the agreement, but did not object to the agreement and did not request a hearing. The Office of the Public Counsel is a separate state agency that represents the general public in matters before the Public Service Commission.
The agreement reflects the effect of the 2017 Tax Cuts and Jobs Act which reduced the federal corporate income tax rate from 35 percent to 21 percent for businesses, including utilities.
“Based on the Commission’s independent review of the unopposed Agreement, the Commission finds that the Agreement is consistent with the public interest and provides Veolia with a cash flow sufficient for it to provide safe and adequate service,” said the Commission.
Veolia Energy provides service to approximately 50 steam customers in Jackson County.