Louisville Gas & Electric seeks permission to lower natural gas bills for customers
Louisville Gas & Electric (LG&E) has requested permission from the Kentucky Public Service Commission to reduce the associated line item on gas customer bills.
The request comes as the company, owned by PPL Corp., expects temperatures to be on the rise, following subzero temperatures at the beginning of the month. But since then, temperatures have gone up, and the warmer weather is expected to translate into lower bills for LG&E’s natural gas customers.
And with the National Oceanic Atmospheric Administration predicting above-normal temperatures for the region for February, March, and April, wholesale natural gas costs are trending lower in response to a reduction in the demand for natural gas.
So, as LG&E prepares to purchase natural gas to serve customers in the upcoming quarter, it has requested permission from the Kentucky Public Service Commission to reduce the line item on gas customer bills.
“Purchasing fuel to serve our customers at the lowest cost is among our top priorities, and a part of our regular system planning,” LG&E Vice President of Gas Operations Tom Jessee said. “We know that higher natural gas market prices have made managing bills more challenging for customers, and we’re pleased to help provide them some much-needed relief.”
The lower costs would go into effect on Feb. 1. After that, an LG&E gas customer using 60 CcF (or 6,000 cubic feet) could see a gas cost savings of about 16 percent on their bill compared to the current quarter.
LG&E also offers various resources to assist customers having difficulty managing their bill, including assistance programs, payment arrangements, and energy-saving tips.
