KRS 278.130: Assessments against utilities -- Applications for adjustment.

(1) For the purpose of maintaining the commission, including the payment of salaries

and all other expenses, and the cost of regulation of the utilities subject to its

jurisdiction, the Department of Revenue shall each year assess the utilities in

proportion to their earnings or receipts derived from intrastate business in Kentucky

for the preceding calendar year as modified by KRS 278.150, and shall notify each

utility on or before July 1 of the amount assessed against it. The total amount

assessed shall be twenty -three hundredths of one percent (0.23%) of intrastate

receipts as so modified, which shall be deposited into the State Treasury to the

credit of the general fund. The sum by each utility shall not be less than fifty dollars

($50) in any one (1) year.

(2) The assessments provided for in this section shall be in lieu of all other fees or

assessments levied by any city or other political subdivision for the control or

regulation of utilities.

(3) The commission, upon application by a utility, shall authorize the utility to adjust

its rates to recover, within not more than one (1) year, any change in the annual

assessment and any costs imposed by commission order for the fees an d expenses

of consultants. The application, and any hearing or other proceedings thereon, shall

be limited to the amount of such adjustment.