Dive Summary:

• After initially seeking approval from regulators increase power bills by $82.4 million per year, Kentucky Utilities Co. opted instead to agree on a deal that would see rates increase by $51 million per year.
• The Kentucky Public Service Commission will need to sign off on the deal which was a compromise resulting from discussions between KU, consumer advocates and other parties.
• If regulators approve the rate increase, the deal would go into effect Jan. 1.

From the article:

"... For a home using 1,000 kilowatt-hours of electricity, the rate increase would amount to $4.82 per month, down from KU's original request of $7.41 per month.

That amounts to a residential rate increase of 5.8 percent instead of the original 8 percent.

The settlement is subject to approval by the Kentucky Public Service Commission. ..."