Commonwealth ex rel. Beshear v. Kentucky Utilities Co.

WINTERSHEIMER, Judge.

This appeal is from an order of the circuit court which held that customer refunds made by Kentucky Utilities were fixed at 6 percent interest for the entire refund period from May 15, 1974 to August 18, 1981.

After seven years of litigation, the 1974 Public Service Commission rate order was affirmed and the utility was required to *536refund to its customers the money it had overcollected. The Commission ordered the utility to pay interest on the refund at the rate of 10 percent. The company complained to the circuit court that 6 percent was the appropriate rate because an…