Owensboro Municipal Utilities Seeks Bids For Cost Of Service And Rate Design Study

July 22, 2022

by Paul Ciampoli
APPA News Director
July 22, 2022

Kentucky’s Owensboro Municipal Utilities (OMU) is soliciting proposals for the performance and development of a cost of service and rate design study through a request for proposals (RFP) issued on July 18.

OMU is contemplating a cost-of-service study with rate design for its electric utility and a cost-of-service study with rate design for its water utility with the option of performing a five-year financial plan for each study.

Both studies’ emphases will be to provide funding for operating costs, reasonable operating reserves after funding operations, debt service, and capital projects; determine actual cost of providing utility service to each customer class to identify separate fixed and variable costs that are specific to each customer class as well as a development of a five-year financial plan identifying projected future revenue requirement patterns.

Click here for the RFP.

OMU is a public power, water and telecommunications municipal utility serving the City of Owensboro, Ky., currently serving approximately 28,000 electric meters and 26,000 water meters in Daviess County, Ky.