LG&E, KU agree to natural gas rate increase

LG&E, KU agree to natural gas rate increase

LOUISVILLE, KY (WAVE) – Louisville Gas and Electric and Kentucky Utilities customers will notice an increase in their natural gas bill.

The Public Service Commission announced a settlement agreement to increase the cost per-kilowatt to cover the expenses of a new natural gas combined cycle generating plant at the Cane Run site, which is 78 percent owned by KU.

According to a release from LG&E and KU, "A residential LG&E electric customer, using an average of 984 kWh per month, will see a 10 cent decrease in their overall monthly bill. A residential LG&E natural gas customer, using an average of 57 Ccf per month, will see an increase of $1.23 per month. A KU residential customer, using an average of 1,200 kWh per month, will see an increase of $8.98 per month."

The increase will go into effect on Wednesday, July 1. To view the full release from LG&E and KU, click here.

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