Millennium Energy Gas Cost Recovery Rate Report Approval

COMMONWEALTH OF KENTUCKY BEFORE THE PUBLIC SERVICE COMMISSION In the Matter of:

O R D E R On February 25, 2026, Millennium Energy, Inc. (Millennium) filed its proposed Gas Cost Recovery (GCR) rate report to be effective April 1, 2026. Millennium’s previous GCR rate was approved in Case No. 2025-00377. 1 LEGAL STANDARD

The Commission’s standard of review for GCR rates is well settled as stated in

KRS 278.274(1): In determining whether proposed natural gas utility rates are just and reasonable, the commission shall review the utility's gas purchasing practices. The commission may disallow any costs or rates which are deemed to result from imprudent purchasing practices on the part of the utility. Further, the utility has the burden to prove the rates are just and reasonable and

the Commission may reduce the purchased gas component of the utility’s rates, or the

rates charged by an affiliated company to the extent the amount is deemed to be unjust or unreasonable. 2

Case No. 2025-00377, Electronic Purchased Gas Adjustment Filing of Millennium Energy, Inc. 1(Ky. PSC Dec. 19, 2025). KRS 278.274(2); KRS 278.274(3)(c); and KRS 278.274(3)(d). 2

ELECTRONIC PURCHASED GAS ADJUSTMENT ) CASE NO. FILING OF MILLENNIUM ENERGY, INC. ) 2026-00051

DISCUSSION After reviewing the record in this case and being otherwise sufficiently advised, the

Commission finds that Millennium’s report includes revised rates designed to pass on to

its customers its expected change in gas costs. Millennium’s report sets out an Expected Gas Cost (EGC) of $2.9386 per Mcf, which is a decrease of $0.9051 per Mcf from its previous EGC of $3.8437 per Mcf. Millennium’s report sets out no supplier Refund

Adjustment. Millennium’s Report sets out a current quarter Actual Adjustment (AA) of

$0.0544 per Mcf. Millennium’s total AA is ($0.2686) per Mcf, which is an increase of $0.1051 per Mcf from the previous total AA of ($0.3737) per Mcf. Millennium’s report sets out a current quarter BA of $0.0055 per Mcf. Millennium’s total BA is ($0.0269) per Mcf, which is an increase of $0.0158 per Mcf from its previous total BA of ($0.0427) per Mcf. Based on the calculations above, the Commission finds that Millennium’s GCR rate is $2.6431 per Mcf, which is a decrease of $0.7842 per Mcf from its previous GCR rate of $3.4273 per Mcf, to be reasonable. The Commission finds that the inputs, resulting

components and calculation of Millennium’s proposed GCR rate of $2.6431 per Mcf to be

reasonable. The Commission further finds that the rates set forth in the Appendix to this Order are fair, just and reasonable and should be approved for service rendered by Millennium on or after April 1, 2026. For the purpose of transparency and to maintain a record of information for future use, the Commission finds that Millennium shall submit all invoices it receives along with its monthly usage reports for each month of the reporting period when it files its future GCR rate reports. Should Millennium purchase sustainable gas from a renewable source

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during the reporting period of any future GCR reports, then the supplier, cost, and amount must be documented in its cover letter to the Commission. IT IS THEREFORE ORDERED that:

1. The rates proposed by Millennium and set forth in the Appendix to this Order
   are approved for service rendered on and after April 1, 2026.

2. Millennium shall submit all invoices it receives along with its monthly usage
   reports for each month of the reporting period when it files its future GCR rate reports.

3. Should Millennium purchase sustainable gas from a renewable source
   during the reporting period of any future GCR reports, then the supplier, cost, and amount shall be documented in its cover letter to the Commission.

4. Within 20 days of the date of service of this Order, Millennium shall file with
   this Commission, using the Commission’s electronic Tariff Filing System, revised tariff

sheets setting out the rates approved herein and reflecting that they were approved pursuant to this Order.

1. This case is closed and removed from the Commission's docket. -3- Case No. 2026-00051

PUBLIC SERVICE COMMISSION ___________________________ Chairman ___________________________ Commissioner ___________________________ Commissioner

ATTEST:

______________________ Executive Director

Case No. 2026-00051

APPENDIX APPENDIX TO AN ORDER OF THE KENTUCKY PUBLIC SERVICE COMMISSION IN CASE NO. 2026-00051 DATED MAR 26 2026 The following rates and charges are prescribed for the customers in the area served by Millennium Energy, Inc. All other rates and charges not specifically mentioned herein shall remain the same as those in effect under the authority of this Commission prior to the effective date of this Order.

Residential Gas Cost Recovery Base Rate Rate Total All Mcf $4.0000 $2.6431 $6.6431

Commercial and Industrial All Mcf $3.0000 $2.6431 $5.6431

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**Millennium Energy, Inc. 951 Fairview Avenue*

1. O. Box 1118

Bowling Green, KY 42102

**Patty Kantosky VP of Member & Customer Services Millennium Energy, Inc. 951 Fairview Avenue Bowling Green, KY 42101*

**Wendy Meador Millennium Energy, Inc. 951 Fairview Avenue Bowling Green, KY 42101*

**Denotes Served by Email Service List for Case 2026-00051*