The head Germany’s E.ON utility company today awarded a six million dollar parting gift to three Kentucky institutions.
Conway contends that the sale will affect the need for a rate increase and that the rate increase would make the sale a better deal for PPL. He wants the PSC to dismiss the rate case, which would force PPL to re-apply for the increase later, if it’s still necessary.
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 Kentucky Public Radio’s Tony McVeigh The Kentucky Public Service Commission is being asked to dismiss a combined rate case for Louisville Gas and Electric and Kentucky Utilities, the state’s two largest utilities. At the same time LG&E and KU are seeking $250-million in rate increases, the companies are being sold to Pennsylvania Power and… Continue reading A-G Seeks Dismissal of LG&E Rate Case
By Rick Howlett Louisville Gas and Electric customers lined up Monday evening to comment on rate increases requested by the utility. The hearing at Male High School was conducted by the Kentucky Public Service Commission, which is holding meetings across the state on rate hikes proposed by LG&E and its sister company, Kentucky Utilities. The… Continue reading LG&E Customers Weigh In On Rate Hike Proposal
About 200 Louisville Gas and Electric and Kentucky Utilities employees gathered at the Kentucky Center in downtown Louisville Thursday to hear about their companies’ impending sale.
by Gabe Bullard A spokesperson for E-On US says the impending sale of LG&E and Kentucky Utilities to Pennsylvania-based PPL will have little to no effect on customers. But the agency that regulates utilities says its too early to tell. The tentative terms of the sale dictate that Pennsylvania-based PPL will keep the utilities’ headquarters… Continue reading PSC Awaiting Formal Request On Utility Sale
By Rick Howlett The chairman of PPL Corporation is calling his company’s pending purchase of Louisville Gas and Electric Company and Kentucky Utilities a transformational event. James Miller says the acquisition will bring together three of the best utility companies in the United States and turn PPL into a more geographically diverse operation. “Most importantly,… Continue reading PPL Chief: Utilities Purchase "Transformational"
By Rick Howlett Louisville Mayor Jerry Abramson says the city and state put together a competitive bid package for Kentucky’s two major utiltity companies but the process hit a snag several days ago. Instead, Louisville Gas and Electric Company and Kentucky Utilities will be purchased by Pennsylvania-based PPL Corporation for $6.7 billion, it was announced… Continue reading Mayor: City/State Prepared Strong Bid For Utilities
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.