Kentucky Utilities' customers will pay more for their monthly electric bill while Louisville Electric & Gas customers will pay more for their gas bills according to a settlement reached Tuesday concerning the companies' rate requests.
Documents filed with the Kentucky Public Service Commission show the average Louisville Gas & Electric customer will pay 10 cents less on their monthly electric bill but $1.25 more on their monthly gas bill. The average Kentucky Utilities customer's electric bill will go up by about $9 a month.
The settlement means Kentucky Utilities will get an extra $125 million in revenue while Louisville Electric & Gas will see a $7 million increase. Both companies are owned by Pennsylvania-based PPL.
The Kentucky Public Service Commission must still approve the settlement. The commission is scheduled to meet Tuesday morning in Frankfort.
