News - Local
LUS Moves Forward With Rate Hike Discussions
Posted: Nov 16, 2009 6:21 PM by Rob Kirkpatrick
Updated: Nov 16, 2009 6:21 PM
LUS officials say it's an opportune time to raise rates for their customers.
The hike may actually have a limited impact on consumers, while at the same time allowing the company to make some improvements.
Under the proposal, LUS is hoping to raise an additional $13 million in revenue each year.
But, fuel prices are expected to fall by $15 million, offsetting the hike. If fuel prices remain low, in some cases, consumers may actually see a reduced bill.
There will be a special hearing on the LUS rate hikes Tuesday afternoon at 3:30 at the Lafayette Consolidated Council chambers.
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