KU is asking the Kentucky Public Service Commission for permission to boost revenues by 11.5 percent, while LG&E is seeking more than 8 percent in new revenues for its electric business and 14 percent for natural gas.
The utility providers say the funds are needed to upgrade aging equipment to defend against strong storms and support increased energy needs.
In 2025 alone, Kentucky has experienced up to three quarters of an inch of ice, 14 inches of snow, extreme cold, more than 30 reported tornadoes and the worst flooding on the Ohio River since 1997, according to the utilities. In response, the companies say they need to install stronger poles, update substations, and upgrade natural gas safety systems.
If approved, these adjustments wouldn't likely take effect before Jan. 1, 2026.