PSC Cuts LG&E, KU Bills to Reflect Tax Changes

posted by NewsRadio 840 WHAS - 

FRANKFORT, Ky. -- LG&E and KU customers will pay less for gas and electric service thanks to tax changes.   

The Kentucky Public Service Commission has reduced the total annual revenue of LG&E and KU by more than $200 million to reflect the reduction in federal corporate income taxes that took effect in January.

As a result of the revenue reduction, residential electric customers will see their average monthly bills decrease by about six percent, while natural gas customers will see about a 4.5 percent reduction in the base rate portion of their bills.   

The federal tax law enacted in December reduce the corporate income tax rate from 35 percent to 21 percent.


title

Content Goes Here