Agreement Comes on Heels July’s Pro-Coal Deal
FRANKFORT, Ky. (Oct. 21, 2025)– Attorney General Russell Coleman announced today a proposed settlement with LG&E / KU to protect affordable and reliable energy for Kentucky families and businesses. While utilities around the country are seeking double-digit rate increases on their customers, Attorney General Coleman kept them out of the Commonwealth for LG&E / KU residential customers. Kentucky customers will see increases of less than $10 on their monthly gas or electric bills.
As part of the settlement agreement, LG&E / KU agreed to lock in base rates until at least August 2028. Attorney General Coleman prioritized the provisions to lock in rates because it delivers certainty and predictability to Kentuckians for multiple years.
Since taking Office in 2024, General Coleman has fought hard to promote affordable and reliable energy in the Commonwealth. According to the U.S. Energy Information Administration, Kentucky residents paid the eighth lowest rates of any state in the country in July 2025.
“The Attorney General’s Office has a duty to protect Kentuckians' affordable and reliable energy. This agreement is a win on both fronts as we head into the winter months,” said Attorney General Coleman. “This agreement keeps families’ residential rates low, but it also protects Kentucky’s competitive energy prices that encourage new economic investment and future job creation.”
In July, Attorney General Coleman announced a separate settlement with LG&E / KU to deliver historic investment into affordable and reliable fossil fuel energy to power Kentucky’s future. In the agreement with the Attorney General, the utilities will construct two new natural gas combined cycle units and extend the lifespan of two coal plants, allowing them to continue delivering low-cost energy to Kentucky families and businesses. Both measures are consistent with President Trump’s efforts to unleash American energy, which call for our country to produce more reliable and affordable electricity.
LG&E / KU serves more than 975,000 electric customers in 94 counties and is the largest electric utility in the Commonwealth.
The Attorney General’s Executive Director of the Office of Rate Intervention John Horne and Assistant Attorney General Larry Cook negotiated the settlement on behalf of the Commonwealth.
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