278.130 Assessments against utilities -- Applications for adjustment.

227 words·~1 min read·/ky/chapter-278/278-130

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)For the purpose of maintaining the commission, including the payment of salaries

and all other expenses, and the cost of regulation of the utilities subject to its

jurisdiction, the Department of Revenue shall each year assess the utilities in

proportion to their earnings or receipts derived from intrastate business in Kentucky

for the preceding calendar year as modified by KRS 278.150, and shall notify each

utility on or before July 1 of the amount assessed against it. The total amount so

assessed shall not in any year exceed two

(2)mills on intrastate receipts as so

modified, which shall be deposited into the State Treasury to the credit of the

general fund. The sum by each utility shall not be less than fifty dollars ($50) in any

one

(1)year.

(2)The assessments provided for in this section shall be in lieu of all other fees or

assessments levied by any city or other political subdivision for the control or

regulation of utilities.

(3)The commission, upon application by a utility, shall authorize the utility to adjust its

rates to recover, within not more than one

(1)year, any change in the annual

assessment and any costs imposed by commission order for the fees and expenses of

consultants. The application, and any hearing or other proceedings thereon, shall be

limited to the amount of such adjustment.