FRANKFORT, Ky. (WKYT) — Kentucky Attorney General Russell Coleman says his office has reached a settlement with LG&E and KU that will keep base energy rates locked in through 2028 while limiting upcoming rate hikes for residential customers.

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The agreement, announced Monday, follows the utilities’ request to the Kentucky Public Service Commission earlier this year for rate increases to fund infrastructure improvements.

[Read the settlement below]

Monthly bill increases capped under $10

Under the settlement, LG&E and KU residential customers will see monthly bill increases of less than $10 — about $5 for electric service and $8 for gas service for LG&E customers, and about $9 for KU electric customers.

Coleman’s office s

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