Duke Agrees To Cut In Ken. Gas Rate Hike

Law360, New York (December 7, 2009, 7:48 PM EST) -- Duke Energy Kentucky Inc. has agreed to shave about $4.5 million from a requested increase in natural gas delivery charges under a tentative settlement with the Kentucky attorney general’s office, reducing the total amount to be raised through its price increase by about 25 percent.

On Monday Duke’s Kentucky affiliate, based in Cincinnati, and Kentucky Attorney General Jack Conway announced the preliminary deal, which was filed with the Kentucky Public Service Commission as part of the agency’s regulatory review of utility rate increases.

The settlement is...
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