Louisville Water Company board approves rate hike, interim CEO - WDRB 41 Louisville News

Louisville Water Company board approves rate hike, interim CEO

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Spencer Bruce (Water Company picture) Spencer Bruce (Water Company picture)

LOUISVILLE, Ky. (WDRB) – The Louisville Water Company board approved a rate hike Tuesday, reports Business First.

The Louisville Board of Waterworks approved a 3.5 percent increase in rates for the 2016 year at a meeting Tuesday afternoon.

The Board also announced the company’s chief engineer and vice president Spencer Bruce will become the interim president and CEO beginning in January. The appointment comes shortly after the outgoing CEO announced he would retire.

James Brammell's announced departure came on Wednesday, which was the day before he was scheduled to appear in an Oldham County court for penalties on a 2014 charge of driving while intoxicated.

According to the Water Company, an expanded budget will pay for a proactive approach to replacing water mains over the next 12 months. The Water Company usually waits until a main breaks to replace it, but a new strategy will be implemented next year to inspect pipes and replace crumbling infrastructure in the interest of reducing breaks, according to a press release.

The Water Company says it began replacing portions of smaller water pipes in the 1990s, but began replacing larger mains in 2010.

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