Proposed energy settlement aims to keep power affordable for over 1 million Kentuckians
FRANKFORT, Ky. (ABC36 NEWS NOW) — Kentucky Attorney General Russell Coleman has announced a proposed settlement with LG&E and Kentucky Utilities (KU) that he says will help keep energy affordable and reliable across the state.
The agreement includes plans to build two new natural gas plants and to extend the operational life of two existing coal plants. Coleman says the move is designed to address Kentucky’s growing energy demands while helping prevent potential shortages in the future.
As part of the settlement, LG&E and KU have also agreed to drop plans for a large-scale battery storage facility—an initiative the Attorney General’s Office says would have cost ratepayers nearly $775 million. Scrapping the project is expected to bring significant savings to utility customers.
The proposed settlement has been filed with the Kentucky Public Service Commission and would affect more than one million residents served by the two utility companies.
