Project funding and bill credits

Electricity is a major operating cost for many manufacturers. LG&E and KU offer an incentive to eligible new and existing customers to help support new investments through the Opportunity Kentucky Bill Credit.

This bill credit is an economic development-based rider (EDR) that aligns with current rate tariffs. The credit is designed to help reduce costs during the first five years of operation, allowing companies to invest more capital into their business.

The demand component of the credit may be reduced over the first five years at levels of 50%, 40%, 30%, 20%, and 10%, or in another approved sequence. Companies that receive an incentive package from the Kentucky Cabinet for Economic Development may also be eligible for LG&E and KU’s bill credit.

Whether supporting a major expansion or helping a smaller business take its next step, our team works closely with companies to understand their goals and help them grow and succeed in Kentucky.