Utility rates will be scaled back in Louisville and Lexington if the PSC approves of the recommendation. AG, others scale back proposed utility hike in biggest Ky. cities By TOM LATEK Kentucky Today Apr 23, 2021 5 hrs ago Utility rates will be scaled back in Louisville and Lexington if the PSC approves of the recommendation. FRANKFORT, Ky. (KT) â The combined efforts of the Kentucky Attorney Generalâs office, and the governments of Louisville and Lexington, among other intervenors, have led to a settlement scaling back a proposed rate hike by Kentucky Utilities and LG&E. âAs the watchdog for Kentucky ratepayers, we pursued a settlement with LG&E and KU that saves Kentuckians more than $113 million in proposed utility rate increases and ensures the companies will not impose an additional rate increase before July 1, 2025,â said Attorney General Daniel Cameron. âThe settlement also seeks to maximize the lifespan of three Kentucky coal-fired generating plants and their benefit to consumers. I appreciate all the parties coming to the table and working together to reach an agreement.â