Settlement Means KU Bills Heading Downward

Lexington, KY – Last July, KU asked the state Public Service Commission to approve an increase that would have pushed residential customers' electric bills up 7 point 3 percent or about four and a half dollars a month. But LG & E spokesperson Chris Whelan (Way-luhn) says the settlement announced today means the average KU customer will pay about 60 cents less per month.

The deal struck today comes after negotiations between the a.g's office, the Kentucky Industrial Utilities Customers, the Lexington-Fayette Urban County Government, The Kroger Company, and low income advocates. If approved by the Public Service Commission, the rate reductions could kick in early next month.