Kentucky Attorney General Russell Coleman announced a proposed settlement Tuesday with Louisville Gas and Electric and Kentucky Utilities (LG&E / KU) to help keep energy affordable and reliable for Kentucky families and businesses.
Under the agreement, LG&E and KU residential customers will see monthly bill increases of less than $10, and base rates will remain locked until at least August 2028. Coleman said the long-term rate freeze will give Kentuckians “certainty and predictability” heading into future years.
Coleman called the settlement a victory for both consumers and the state’s economy, saying it keeps household rates low while helping maintain Kentucky’s competitive energy costs that attract business investment and jobs.
Since taking office in 2024, Coleman has focused on ensuring energy affordability. Federal data shows Kentucky residents paid the eighth-lowest electricity rates in the nation as of July 2025.
The Attorney General also reached a separate agreement in July with LG&E and KU for major energy investments, including two new natural gas plants and extended operation of two coal facilities to support low-cost, reliable power.
LG&E and KU serve more than 975,000 electric customers across 94 counties, making them Kentucky’s largest electric utility. The settlement was negotiated by John Horne, Executive Director of the Office of Rate Intervention, and Assistant Attorney General Larry Cook.
