LG&E and KU Utility Rate Hike Approved, but It's Scaled Back

LG&E and KU utility rate hike approved, but it's scaled back

Utility bills will be going up for LG&E and KU customers in Kentucky, but not as much as the companies asked for.

LG&E/KU customers will pay more though not as much as utility wanted • Kentucky Lantern

The Kentucky Public Service Commission has approved a rate increase for Louisville Gas & Electric and Kentucky Utilities. (Kentucky Lantern photo by Liam Niemeyer)Kentucky’s utility regulator has granted the state’s largest electric utility an increase in its rates, though the increase was less than what the utility had requested.  Investor-owned Louisville Gas and Electric and Kentucky Utilities had asked the Kentucky Public Service Commission …

PSC approves electric cost increase

FRANKFORT, Ky. (KT) – The Kentucky Public Service Commission (PSC) has approved, with several modifications, a settlement entered into by Kentucky Utilities (KU) and Louisville Gas and Electric (LGE). In its Final Order for the KU case, the PSC approved an increase for an average residential customer using 1,085 kWh of $8.73 per month, or 6.54 percent, from $133.57 to $142.30. In this, the first request for increase since 2020, KU was originally…

State approves LG&E, KU rate increase for Kentucky customers

When asking for the rate increases, the utility companies said they needed to make system improvements, citing aging infrastructure and equipment damage from severe weather events.