KNOXVILLE, Tenn. (WVLT) -- KUB gas customers could see an increase in their monthly bills if approved at the KUB Board of Commissions' June meeting.
In a statement, KUB stated residential gas customers would see their average monthly bill increase by $3 beginning October 2013.
The higher bills are the result of a gas margin increase that KUB says is needed to support the company's investment in the natural gas distribution system.
The increase was initially scheduled for 2009, but KUB held of on implementing it.
The gas margin was approved on its first read during the Board's Thursday meeting, and will have to be approved on a second reading at the June meeting to be implemented.
The Board also approved the 2014 KUB budget of $851.8 million on Thursday.
The budget is a 1.3% increase over the 2013 budget, and KUB said in the statement that the increases would help keep infrastructure replacement programs on track.