Wednesday, January 31, 2001
Utilities ordered to file changes monthly
The Cincinnati Enquirer
In a move aimed at giving Kentuckians quicker relief from this winter's high gas bills, the state's Public Service Commission Tuesday ordered utilities to begin filing monthly changes in their gas costs.
The hope is that as gas prices decline from this winter's record highs, lower prices will be passed onto consumers faster than if prices were adjusted quarterly, said Jill Midkiff, PSC spokeswoman.
The commission also asked the utilities to submit reports in 60 days on ways to ease the impact of higher gas prices in the future.
Tuesday's order affects Union Light, Heat and Power Co., the Cinergy Corp. subsidiary that supplies gas to consumers in Northern Kentucky.
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