PSC approves environmental surcharge settlement
FRANKFORT, Ky. (AP) - The Kentucky Public Service Commission has approved settlements in two cases affecting environmental surcharges for Kentucky Utilities Co. and Louisville Gas & Electric Co.
The surcharges are related to new environmental compliance plans that are being put in place to meet several U.S. Environmental Protection Agency regulations affecting coal-burning electric power plants.
The settlement reduces the total electric bill increases from 19.2 percent by 2016 to 18.3 percent for LG&E customers and from 12.2 percent to 9.65 percent during the same time for KU customers, the PSC said.
LG&E will invest $1.4 billion and KU $896 million in environmental upgrades, the companies said in a statement.
They are also to provide an additional $500,000 in shareholder funds to home energy assistance programs, adding a penny to the per-meter charge.
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