Kentucky Attorney General Andy Beshear has called a requested rate increase by Louisville Gas and Electric and Kentucky Utilities excessive.
Beshear recommended on Thursday that the increase is scaled back to a third of the original request.
A public hearing has been scheduled for May 2nd for a $210 million annual revenue increase. According to Beshear’s office, he’s asking the Public Service Commission to reduce the request by $142 million.
It was also requested that smart meters not be deployed, saying it would cost $350 million over the life of the meters, and recommended that fixed charges remain the same.
Source: WAVE
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