Kentucky Public Service Commission Approves
Xxxxxxx County Settlement Agreement
Louisville - The Kentucky Public Service Commission (PSC) today approved
the settlement agreement filed by Louisville Gas and Electric Company (LG&E)
and intervening parties including various consumer interest and government
agencies on costs associated with the Xxxxxxx County power plant. The
agreement calls for refunds totaling $28.3 million to current electric
customers. Customers will receive a credit on their monthly bill for the next
five years beginning January 1996. The average residential credit will be
approximately $5.00 a year. This final agreement will end the dispute that has
been pending before the PSC and Kentucky's courts for over fifteen years.
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