LG&E To Request Rate Increase

by Gabe Bullard on July 28, 2008

The Louisville Gas and Electric Company will ask the Kentucky Public Service Commission to approve a rate increase Tuesday.

LG&E says the rate hike will go towards infrastructure improvements including a new coal-fired generating unit and improved efficiency programs. Spokesperson Chip Keeling says those improvements have to come at a price for customers.

“It would be, for an LG&E electric customers approximately an increase per month of $3,” says Keeling. “For an LG&E natural gas customers, approximately $7 per month on their bill and for a Kentucky Utility customer, approximately $4 per month on their bill.”

Hearings on the increase will likely happen near the end of this year with a final decision coming in early 2009.

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