Kentucky’s two largest utility companies have secured the state’s permission to keep electricity and natural gas rates elevated for a million customers in 93 counties.
The Kentucky Public Service Commission largely agreed Monday with a deal Kentucky Utilities and Louisville Gas and Electric struck with customers and the state attorney general’s office in October in a hotly contested case to raise the companies’ rates for the first time since 2020.
The new rates are actually slightly lower than settlement rates, which took effect on an interim basis Jan. 1…