PPL acquired the two companies from parent E.ON U.S. for $7.6 billion. The deal was approved by the Kentucky Public Service Commission last month.
PPL has agreed not to raise base utility rates before the end of 2012. The company earlier pledged to keep LG&E and KU headquarters in place for at least 15 years.
The money comes from an incentive program that encourages commercial customers to replace older, less
By Elizabeth Kramer The Louisville Free Public Library’s main branch will soon be getting nearly 100 computers its purchasing with a new grant. The $150,000 grant from E.ON U.S., which owns the Louisville Gas and Electric Company, is helping pay for the computers. They’ll be installed into three areas of the library’s main branch that… Continue reading Library to Get Computers with Grant from E.ON U.S.
The Kentucky Public Service Commission is set to hold a hearing Tuesday n rate hikes proposed by Louisville Gas and Electric and Kentucky Utilities. LG&E is requesting to increase electricity rates by about 12 percent and its sister company, Kentucky Utilities, has proposed raising rates by more than 13 percent. If approved, it would mean… Continue reading Commission Holds Hearing on Proposed Rate Increases
By Rick Howlett Officials with Pennsylvania-based PPL Corp. announced Wednesday that the company is purchasing E.ON U.S., which includes Louisville Gas and Electric Company and Kentucky Utililties. Rumors of a purchase of the Kentucky properties have been swirling for weeks; there were reports Friday that North Carolina-based Duke Energy would buy the properties. PPL, formerly… Continue reading LG&E, KU To Be Purchased By PPL Corp.
The Financial Times, quoting the news service mergermarket.com, reports that Duke Energy has “emegered as the winner” in an auction of E.ON U.S.’ Kentucky assets. Here’s the link. In Louisville, LG and E and Metro Government officials have declined to comment about the report. Duke officials also have not commented. The deal has been valued… Continue reading UPDATE- Report: Duke Energy To Purchase LG&E, KU
By Rick Howlett Louisville Mayor Jerry Abramson says EON officials would not confirm or deny to him Tuesday that they are considering selling Louisville Gas and Electric Company and Kentucky Utilities. Reports to that effect came out overnight from several media sources. Abramson says state and city officials want a seat at the table if… Continue reading LG&E, KU For Sale?
A high wind warning remains in effect for the Louisville area and parts of Kentucky until 7:00 Wednesday evening. The National Weather Service says wind gusts approaching 60 miles per hour are possible. Strong winds have already caused some power outages across the area. E.ON U.S. says as of late Wednesday morning, about 6,800 LG… Continue reading High Wind Warning Continues
From Stu Johnson, Kentucky Public Radio/WEKU, Richmond The parent firm of Louisville Gas and Electric Company and Kentucky Utilities has asked for some guidance from the Kentucky Public Service Commission on ways to lessen the likelihood of future power outages. The request from E.ON U.S. comes after January’s massive ice storm that caused widespread outages.… Continue reading E.ON U.S. Looking At Ways To "Harden" System