Overview
- Under the settlement, average LG&E residential electric bills would rise a little over $5 per month, LG&E gas about $8, with combined-service customers seeing roughly $13 more.
- KU residential electric customers would pay about $9 more per month under the agreement.
- The new rates require Kentucky Public Service Commission approval, with the earliest possible start date on January 1, 2026.
- Utilities say most of an estimated $235 million would fund stronger lines, steel poles designed for heavy ice and high winds, and other technology to harden the system.
- Company officials cite the first rate increase since 2020 and report upgrades have reduced outage frequency by 40% and duration by 30% in areas already improved.