Kentucky Public Service Commission Testimony: Business Planning Process for Base and Forecasted Test Periods

Heather D. Metts, Director of Financial Planning and Budgeting for Kentucky Utilities Company and Louisville Gas and Electric Company, submitted testimony to the Kentucky Public Service Commission regarding the business planning process for base and forecasted test periods. The testimony aimed to describe the planning process used to prepare the forecasted test period, which spans from January 1, 2026 to December 31, 2026. Metts stated that the forecasted test period is the result of the companies' annual business planning process.

Key Takeaways:

• The forecasted test period begins January 1, 2026 and ends December 31, 2026, supporting the companies' applications for revenue increases.
• The business planning process used by the companies involves annual planning to prepare the forecasted test period.
• Heather D. Metts, Director of Financial Planning and Budgeting, testified on behalf of Kentucky Utilities Company and Louisville Gas and Electric Company.
• Metts has prior experience sponsoring and helping prepare data responses filed with the Commission in numerous cases, but this was her first direct testimony before the Commission.
• The purpose of the testimony was to describe the business planning process and support schedules required by the Commission's regulations.

Statistics:

• The forecasted test period spans 365 days, from January 1, 2026 to December 31, 2026.
• The testimony states that the business planning process is an annual process.
• The companies, Kentucky Utilities Company and Louisville Gas and Electric Company, are based in Kentucky.

Sources:

• Kentucky Public Service Commission document: INTRODUCTION 2 Q. Please state your name, position, and business address.
• Testimony of Heather D. Metts, Director of Financial Planning and Budgeting for Kentucky Utilities Company and Louisville Gas and Electric Company.