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: Kentucky Law BlogLexington: Lexington balks; gas rate settlement stalls
By Michael Stevens
Kentucky.com - Lexington,KY,USA
Lexington's Urban County Council, apparently caught off guard by a request to approve a proposed settlement in a natural gas rate case, may have derailed or delayed the settlement.
In a 7-6 vote, the council decided at Tuesday's work session that it would not take an official vote at Thursday's regular meeting on a settlement reached by Columbia Gas of Kentucky and the state attorney general.
Lexington and several other gas companies and groups ? including AARP and Community Action ? had intervened in the rate case before the state Public Service Commission.
The proposed settlement would cut the company's rate increase by more than $5 million ? almost half of what it has requested from the PSC. The company also agreed to withdraw a request to increase its basic monthly customer charge from $9.30 to $26.53 over the next two years.
David Barberie, an attorney for the city, said the deal was as good as anything that would likely emerge if the case went through a full hearing before the PSC.
The council was skeptical.
Full post as published by Kentucky Law Blog on September 17, 2009 (boomark / email).
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