Hardin County Water District #1
RFC assisted the Hardin County Water District #1 (HCWD1) with a wastewater cost of service and rate study for its Radcliff Utility. HCWD1 has been in operation since 1952. It operates four separate utility systems including a water utility, Fort Knox sanitary and storm systems, and the Radcliff sewer utility. The Radcliff Utility consists of approximately 8,900 sewer connections with average daily flows of approximately 2.4 million gallons per day (MGD).
RFC’s study involved the development of costs, or revenue requirements, for a test year (2012), as well as the identification of any known and measurable changes to the test year for the purpose of submitting a formal rate request to the Kentucky Public Service Commission (PSC). These revenue requirements were then allocated to various cost centers and rate structure components. RFC also assisted HCDW1 in developing a recommended methodology for providing wastewater conveyance and treatment services on a wholesale basis and in calculating various non-recurring charges for specific services. RFC developed a Rate and Financial Planning Model (Rate Model) that includes a projection of revenues, expenses, debt service, and cash funded capital investment over a 5-year planning period. The Rate Model also includes all exhibits supporting the rate filing.