Kentucky Utilities and Louisville Gas & Electric customers will see smaller rate increases to their monthly bills next year after reaching an agreement with the attorney general that will cut proposed rate hikes in half.
LG&E residential customers will see their electric bills increase about $5 per month and their gas bills increase by about $8 per month starting Jan. 1, according to the Oct. 20 settlement that sought to prevent double-digit rate increases. Residential KU customers will see their electric bills increase by $9 per month.
The Public Service Commission, the state body that regulates utility rates and projects, still needs to approve the settlement before the rate changes go into effect…