LOUISVILLE (WHAS11) – There was a sigh of relief for many LG&E customers with fixed monthly charges as the city agreed in principle to a settlement that would reduce the proposed utility rate increase.

Those are fixed monthly charges for residential payers and the city's utility bills.

The settlement means the increase would only be 75 cents each year in 2017 and 2018, a fraction of what LG&E proposed.

The city intervened on behalf of residents and itself, getting whacked with big increases
for street lights.

“It’s an example of getting involved and remembering everyday costs and expenses that our citizens have and we feel like, we can like, we can make a difference in that,” Mayor Greg Fischer said.

This is the city's first significant intervention in an LG&E rate case before the Public Service Commission in 30 years.