The Kentucky Public Service Commission was scheduled to hold a public hearing on Tuesday on Louisville Gas and Electric and Kentucky Utilities’ proposed rate increase.
Instead, as WFPL reported, the utilities and all of the intervenors in the case reached a settlement, which is now subject to PSC approval.
Here’s a deeper look at the settlement, what LG&E/KU got—and what they didn’t get.
Monthly Service Charge
This was the most contentious part of the original proposal because it would affect every customer, regardless of how much energy they used. LG&E electric and gas customers would have ended up paying $37 a month, up from $24.25. KU customers would have paid $18 a month, rather than the $10.75 they pay now. Under the settlement, there will be no change to the monthly charge, but the rates of electricity and gas will change slightly. The company estimates that the average LG&E bill will increase by about $1.15 a month, while the average KU customer will pay $9 more each month.