Kentucky Utilities’ customers will pay more for their monthly electric bill while Louisville Gas & Electric customers will pay more for their gas bills, according to a settlement reached Tuesday concerning the companies’ rate requests.
Documents filed with the Kentucky Public Service Commission show the average LG&E customer will pay 10 cents less on the monthly electric bill but $1.25 more on the monthly gas bill. The average KU customer’s electric bill will go up by about $9 a month.
The settlement means KU will get an extra $125 million in revenue while LG&E will see a $7 million increase. Both companies are owned by Pennsylvania-based PPL.
The PSC must still approve the settlement.