KISSIMMEE, Fla., October 7, 2009 – In an effort to provide rate relief and reward energy conservation, the Kissimmee Utility Authority (KUA) board of directors on Wednesday authorized a new electric rate for the utility’s small commercial customers.
The proposed rate could lower the electric rates of nearly 6,000 Osceola County businesses.
The new rate was approved following a public hearing and review and approval by the Florida Public Service Commission. The rate will take effect on November 1, 2009.
Under the new rate, the energy charge would be 10 percent lower for customers whose consumption is less than or equal to 1,500 kilowatt-hours (kWh) and 2.9 percent higher if consumption is greater than 1,500 kWh. The proposed rate change is revenue neutral to KUA and to the small commercial class as a whole.
KUA implemented a similar conservation rate structure in 2004 for residential customers.
Founded in 1901, KUA (www.kua.com) is Florida’s sixth largest community-owned utility providing electric and telecommunication services to 62,000 customers in Osceola County, Fla.
# # #
Chris M. Gent