FRANKFORT, Ky. (AP) — The Kentucky Public Service Commission has set new base rates for the two largest electric providers in Kentucky.
The PSC says the rates are lower than what LG&E and Kentucky Utilities requested.
With the new rates, the base rate portion of a typical LG&E residential electric bill will increase by about 27 cents per month. For a typical Kentucky Utilities residential customer, it will go up by $4.27. The approved rates were announced Tuesday.
A typical LG&E residential natural gas customer will see a $3.70 increase in the base rate portion of the monthly bill.
Both LG&E and KU are subsidiaries of the PPL Corp. Their last base rate increases took effect in June 2017.
The two utilities have a total of about 964,000 electric customers in 86 Kentucky counties.