Settlement would raise Kansas utility's rates
The settlement involves Hays-based Mid-Kansas Electric Co., customer advocates, the Kansas Corporation Commission's staff and other parties.
The KCC, which regulates utilities, scheduled a hearing on the settlement. The parties have asked the commission to approve it by mid-January.
The proposed changes would increase annual revenues for Mid-Kansas by about $15 million. The company initially had hoped for $20 million in rate increases.
Mid-Kansas was formed by six electric co-operatives in 2005, and rate increases would vary based on which one serves a customer.
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Hydro One reports $1.1B Q2 profit boosted by one-time gain due to court ruling
TORONTO - Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision.
The power utility says it saw a one-time gain of $867 million in the quarter due to an Ontario court ruling on a deferred tax asset appeal that set aside an Ontario Energy Board decision.
Hydro One says the profit amounted to $1.84 per share for the quarter ended June 30, up from $155 million or 26 cents per share a year earlier.
On an adjusted basis, it says it earned 39 cents per share for the quarter, up from an…
