The Kentucky Public Service Commission accepted a settlement increasing the base electric and natural gas rates for Kentucky Utilities Company and Louisville Gas and Electric Company customers. The rate increases take effect Jan. 1. The average monthly bill for a KU residential customer will increase around $5. LG&E electric customers can expect around a $4 increase and natural gas customers a $5.50 increase.
The increases will pay for electric transmission and distribution system upgrades, facility improvements and additional employees. The rate changes do not include bill components that fluctuate such as fuel cost adjustments. The last rate change took effect in 2010.