Kentucky PSC Approves Columbia Gas Performance-Based Ratemaking Mechanism Extension With Modifications
January 09, 2025
January 09, 2025
FRANKFORT, Kentucky, Jan. 9 -- The Kentucky Public Service Commission (PSC) has issued an order approving a three-year extension for Columbia Gas of Kentucky's Performance-Based Ratemaking (PBR) mechanism, with modifications to the sharing of cost savings between the company and its customers.
The PBR mechanism incentivizes Columbia Gas to reduce natural gas costs by comparing its actual costs to benchmarks. Savings are then shared between the company and its customers.
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The PBR mechanism incentivizes Columbia Gas to reduce natural gas costs by comparing its actual costs to benchmarks. Savings are then shared between the company and its customers.
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