Executives' bonuses factor in Kansas Gas rate case
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 10/23/2012
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By: Associated Press
WICHITA, Kan. (AP) - Kansas Gas Services' request to increase rates by $32 million a year would include about $8 million in executive bonuses.
The gas company says the bonuses allow it to hire the executives whose expertise in running the company is good for shareholders and ratepayers.
But a consumer watch group is arguing that the bonuses encourage executives to concentrate on profits, rather than efficiency and customer service.
The Kansas Corporation Commission is scheduled to take technical testimony on the rate increase starting Nov. 7 in Topeka.
The Wichita Eagle reports the commission staff is recommending that the company get a $3.6 million increase. The consumer watchdog group is recommending a slight cut in the Kansas Gas rates.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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