Kentucky Public Service Commission Approves LG&E's Environmental Compliance Plan

Strategic Insights -

The Public Service Commission of Kentucky has approved a plan submitted by Louisville Gas and Electric Company (LG&E) to comply with ongoing federal, state, and local environmental standards. This plan will result in a slight increase in customers' bills, with a typical residential customer's bill increasing by less than 50 cents per month. The increase will be shown as a separate surcharge on customers' bills, starting May 1. LG&E has been a leader in pollution-control technology and has improved its scrubbers, installed emissions monitoring equipment, and is improving its nitrogen oxide controls.

Key Takeaways:

  • The Public Service Commission of Kentucky has approved LG&E's plan to comply with environmental standards, which will result in a slight increase in customers' bills.
  • The typical residential customer's bill will increase by less than 50 cents per month.
  • The increase will be shown as a separate surcharge on customers' bills, starting May 1.
  • LG&E has been a leader in pollution-control technology and has improved its scrubbers, installed emissions monitoring equipment, and is improving its nitrogen oxide controls.
  • The costs associated with the plan, including permitting fees, will be recovered under the surcharge.
  • LG&E has a significant customer base, serving approximately 342,000 electrical customers and 266,000 natural gas customers in a 700 square-mile service territory spanning 17 counties in Kentucky.
  • LG&E's parent company, LG&E Energy Corp. (NYSE: LGE), is headquartered in Louisville.

Statistics:

  • 342,000: approximate number of electrical customers served by LG&E
  • 266,000: approximate number of natural gas customers served by LG&E
  • 700 square miles: size of LG&E's service territory in Kentucky
  • 17: number of counties in Kentucky where LG&E operates
  • Less than 50: cents per month increase in typical residential customer's bill
  • May 1: date when the surcharge will be shown on customers' bills
  • 502-627-2877: phone number for Paul Heagen, LG&E spokesperson

Sources:

  • Public Service Commission of Kentucky
  • Louisville Gas and Electric Company (LG&E)
  • LG&E Energy Corp. (NYSE: LGE)