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Utility Settlement Will Reduce Rate Increases In KY

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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.