LOUISVILLE, Ky. (WDRB) -- Your LG&E bill is most likely going up, but not as much as previously reported.
Earlier this year LG&E and KU announced a plan to raise rates for the first time since 2020. But government agencies and large companies joined forces to lower the amount of that increase.
Now, under a new settlement agreement, the average LG&E residential electric customer would see an increase of a little over $5 per month on their bill.
Gas customers would see an increase of about $8 per month. For those with combined service -- like most people in Jefferson County -- that's a total increase of about $13 per month.
KU residential electric customers' bills would increase by about $9 dollars each month.
"We understand how any impact to our customers' bills affects our customers, and this is not a decision we make lightly," said Liz Pratt, a spokesperson for LG&E. "As we continue to enhance our systems for our customers, this will us to continue to further harden our system. While while we've made great strides over the years, we do have equipment that's aging."
LG&E officials said the rate increase will help replace that aging infrastructure and improve its system to handle more frequent and severe storms. That includes installing stronger power lines, replacing wooden poles with steel poles, and investing in new technology.
Company officials said those steps will help reduce power outages and keep your lights on.
The earliest the rate hikes could go into effect would be Jan. 1, 2026.
Related Coverage:
Louisville energy plan sparks controversy over rate increase, coal unit extension
Controversial Oldham County data center project dropped after backlash
Copyright 2025 WDRB Media. All rights reserved.
