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COMMONWEALTH OF KENTUCKY BEFORE THE PUBLIC SERVICE Commissioning the Matter of: AN ELECTRONIC EXAMINATION OF THE APPLICATION OF THE FUEL ADJUSTMENT CLAUSE OF DUKE ENERGY KENTUCKY, INC. FROM MAY 1,
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How to fill out electric fuel cost adjustments

01
To fill out electric fuel cost adjustments, follow these steps:
02
Gather all necessary information such as the total amount of electricity used, the fuel cost adjustment factor, and the billing period.
03
Calculate the fuel cost adjustment for each billing period by multiplying the total amount of electricity used by the fuel cost adjustment factor.
04
Record the calculated fuel cost adjustment for each billing period.
05
Sum up all the fuel cost adjustments for the entire period to get the total electric fuel cost adjustment.
06
Fill out the electric fuel cost adjustments form or document provided by your electricity provider.
07
Submit the completed form or document to your electricity provider as per their instructions.
08
Keep a copy of the filled-out form or document for your records.

Who needs electric fuel cost adjustments?

01
Electric fuel cost adjustments are needed by individuals or businesses who consume electricity and want to accurately calculate the cost of electricity based on fluctuating fuel prices.
02
Utility companies also use electric fuel cost adjustments to pass on changes in fuel costs to their customers.
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Electric fuel cost adjustments are mechanisms that utility companies use to reflect changes in the cost of fuel used to generate electricity. These adjustments allow utilities to pass on the fluctuating costs of fuel to customers in their utility bills.
Utility companies that provide electric services are required to file electric fuel cost adjustments to ensure compliance with regulations and to accurately reflect fuel costs in customer billing.
To fill out electric fuel cost adjustments, utilities must gather data on fuel procurement costs, calculate the adjustments needed, and complete the relevant forms or filings as stipulated by regulatory authorities. This typically involves providing detailed calculations and justifications for the adjustments.
The purpose of electric fuel cost adjustments is to ensure that utility companies can recover the actual costs of fuel used for electricity generation while providing transparency to consumers about changes in their electricity bills.
Utilities must report information such as the types and quantities of fuel used, the cost of fuel, calculations for the adjustments, and any other relevant financial data that impacts the adjustment calculation.
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