Title
A Resolution expressing the Lexington-Fayette Urban County Government's opposition to Senate Bill 163, relating to the acquisition of water or sewer utilities by investor-owned utilities. [Council Office, Maynard]
Summary
A Resolution expressing the Lexington-Fayette Urban County Government's opposition to Senate Bill 163, relating to the acquisition of water or sewer utilities by investor owned utilities. [Council Office, Maynard]
Body
WHEREAS, the residents of Lexington-Fayette County comprise most of Kentucky American Water Company's ("Kentucky American"), an investor-owned utility, customers; and
WHEREAS, the existing customers end up bearing most or all of the costs associated with Kentucky American's acquisition of water utilities with little or no measurable benefit to the existing customers; and
WHEREAS, Senate Bill 163 outlines an unnecessary process that would make it easier for Kentucky American to place all of its future water utility acquisition costs on the existing customers in future rate cases; and
WHEREAS, Kentucky American has nearly doubled the rates paid by its Fayette County customers since 2009 (more than 18% in 2009, 29% in 2010, more than 8% in 2013, and more than 7.5% in 2016), and has a pending rate case before the Public Service Commission (Case No. 2018-00358) requesting an increase of more than 22%; and
WHEREAS, Senate Bill 163 will make it easier for Kentucky American to request even more rate increases should it continue to acquire other water utilities.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the above recitals are incorporated herein as if fully stated.
Section 2 - That the Urban County Council of the Lexington-Fayette Urban County Government opposes Senate Bill 163 relating to the acquisition of water or sewer utilities by investor-owned water or sewer utilities.
Section 3 - That the Clerk of the Urban County Council is hereby authorized ...
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