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.
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.