LOUISVILLE, Ky. (WDRB) — More than 1 million Kentuckians will soon pay more for gas and electricity after state regulators approved a rate increase for Louisville Gas & Electric and Kentucky Utilities.
When asking for the rate increases last September, the utility companies said they needed to make system improvements, citing aging infrastructure and equipment damage from severe weather events.
On Monday, the Kentucky Public Service Commission finalized the rate increases, which are smaller than what the utilities asked for. The utilities’ original request would have been a roughly 10% hike on electric bills and about 15% on gas bills. But a month later, a settlement agreement lowered the rate increases…