KU and Madisonville Reach Rate Deal

Madisonville, KY – Several Kentucky cities, including Madisonville, won't have to pay as much as they expected for their utilities this summer. Madisonville is one of eleven cities that reached as agreement with provider Kentucky Utilities late last week. The Madisonville Messenger reports the city will pay 3-point-9 percent more for KU electricity. That's down from the 7-point-6 percent hike the company proposed to the Federal Regulatory Commission in September. The reduced hike represents approximately six-hundred-thousand dollars in savings. Madisonville Mayor Will Cox says individual residents will see their monthly electricity bills go up six and a half dollars. KU reassess rates July 1, but Cox hopes the city won't have to pass any more utility rate increases on to residents.