Kentucky Utilities customers can expect some changes on upcoming electric bills, after state regulators approved a reduced rate increase, along with automatic refunds for many.
KU, which serves over half a million across 77 counties, had an interim increase of 11.5% take effect in January, adding about $18 a month to the average bill. In mid-February, the Kentucky Public Service Commission authorized a settlement that cuts the hike almost in half. For the typical customer, that means bills will ultimately rise by just under $9 each month instead of $18.
Because customers were charged at the higher rate in January and early February, the utility will issue automatic bill credits to cover the difference. Officials say the exact refund varies based on usage and will appear on statements by April 17th.
KU officials say these rate adjustments pay for needed improvements, such as upgrading aging poles, substations, and technology to strengthen the grid against severe weather, which is a growing concern in Kentucky.
If paying a higher bill is a concern, KU encourages customers to contact them about payment options or assistance programs. Officials say to keep an eye on upcoming bills, where most customers will spot the one-time credit and see lower-than-expected increases going forward, thanks to the commission’s revised ruling.
