In October, Louisville Gas & Electric and Kentucky Utilities and other parties came to an agreement in a case before the Kentucky Public Service Commission.

Under it, KU customers would pay $9 more a month on average, and LG&E customers would pay $5. The Kentucky commission would have to approve the pact.

The Kentucky PSC has approved a plan by the utilities to spend $3.7 billion on electricity generation projects, including two natural gas power plants costing a combined $2.8 billion.

Behind the rates paid by the companies’ customers is a hidden cost that doesn’t show up on their bills. Customers receive electricity from two aging, out-of-state coal plants that lose a lot of money.

Together, the utilities own a share of the Ohio Valley Electric Corporation (OVEC).

OVEC has a plant in

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