Powering Strong Communities

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

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.