LEXINGTON, Ky. (FOX 56) — Customers of Louisville Gas and Electric (LG&E) and Kentucky Utilities (KU) could soon see a credit on their utility bills after regulators approved new base rates earlier this year.
The Kentucky Public Service Commission approved updated base rates for the utilities Feb. 16. Because the companies began charging interim rates Jan. 1 while the request was under review, some customers may receive refunds covering the period between Jan. 1 and Feb. 16.
According to the company, the updated rates were intended to support continued investments in infrastructure and reliability.
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“These updated rates allow us to continue strengthening the safety and reliability of the system you depend on every day while responsibly preparing for the future—all while protecting affordability,” a news release said…