Kentucky Attorney General Russell Coleman has filed a settlement proposal with Louisville Gas and Electric and Kentucky Utilities that aims to lower prices.
Under the terms of the settlement, LG&E and KU will construct two new natural gas combined cycle units, at Mill Creek and Brown Station. The companies will also extend the lifespan of two coal plants, allowing them to continue delivering low-cost energy to Kentucky families and businesses.
The companies also agreed not to pursue an uneconomical battery storage facility, saving ratepayers approximately $775 million. Coleman noted that he reached an agreement with the companies to protect ratepayers.
In addition, General Coleman reached an agreement with LG&E/KU to protect ratepayers from costs of building the new Mill Creek Gas Plant, located on Dixie Highway in Jefferson County. The companies have agreed that revenues from new heavy loads, such as data centers, will help offset families’ bills. The agreement has additional safeguards to protect consumers, even if there is less need for commercial power.
Source: WAVE
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