© 2024 WUKY
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Utility Settlement Will Reduce Rate Increases In KY

Kentucky Attorney General Daniel Cameron has announced a settlement with the state’s two largest electric utilities to reduce proposed rate increases. Cameron’s office said the settlement would save ratepayers at LG&E and Kentucky Utilities more than $113 million. The agreement must get the approval of the Kentucky Public Service Commission. The utility companies proposed in a meeting with the state commission in November to increase rates by $331 million. The settlement cuts that by about 34 percent over two years.