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.
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