9:09am

Fri June 8, 2012
Business and the Economy

KU Seeks Permission to Increase Rates

Later this month, Kentucky Utilities and Louisville Gas and Electric will ask the state Public Service Commission for permission to raise rates to pay for a series of generation and transmission upgrades made in recent years. The proposal is the latest in a series of increases over the past couple of years. For KU customers, the proposal would amount to an increase of $82.4 million, or 6.5 percent. For a residential customer using 1,000 kilowatt-hours on average, a monthly bill would increase by $6.98.