A publication of the Kentucky Center for Public Service Journalism

Public Service Commission cuts KU, LG&E bills to reflect tax changes; bills to decline by six percent

The Kentucky Public Service Commission (PSC) has reduced the total annual revenue of the Kentucky Utilities Co. (KU) and of Louisville Gas & Electric Co. (LG&E) by $203.8 million to reflect the reduction in federal corporate income taxes that took effect at the first of the year. As a result of the revenue reduction, KU and LG&E residential electric customers will see their average monthly...

PSC orders for-profit utilities to track federal tax savings in effort to pass savings on to consumers

The Kentucky Public Service Commission (PSC) has ordered for-profit utilities to track their savings under lower corporate tax rates that took effect yesterday, paving the way for those savings to be passed on to customers in the form of lower electric, gas or water rates. In two orders issued Dec. 27 the PSC noted that investor-owned utilities recover their federal tax expenses from ratepayers. Under...